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Tuesday, November 1, 2011

Bearish Technical Upward Wedge: (AWK), (PRGO), (LOPE), (IRETP), (HBAN)

Upward wedge patterns have been noticed on November 1 for the stocks American Water Works Company, Inc, Perrigo Co, Grand Canyon Education, Inc, Investors Real Estate Trust, and Huntington Bancshares Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of American Water Works Company, Inc (AWK) fell by 2.46% or $-0.75/share to $29.78. In the past year, the shares have traded as low as $22.94 and as high as $31.08. On average, 1394960 shares of AWK exchange hands on a given day and today's volume is recorded at 861303.

Shares of Perrigo Co (PRGO) fell by 1.89% or $-1.71/share to $88.57. In the past year, the shares have traded as low as $58.04 and as high as $101.45. On average, 927240 shares of PRGO exchange hands on a given day and today's volume is recorded at 841883.

Shares of Grand Canyon Education, Inc (LOPE) fell by 2.02% or $-0.33/share to $15.98. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 356430 shares of LOPE exchange hands on a given day and today's volume is recorded at 182889.

Shares of Investors Real Estate Trust (IRETP) fell by 0.56% or $-0.15/share to $26.75. In the past year, the shares have traded as low as $23.87 and as high as $26.99. On average, 710 shares of IRETP exchange hands on a given day and today's volume is recorded at 1720.

Shares of Huntington Bancshares Inc (HBAN) fell by 3.09% or $-0.16/share to $5.02. In the past year, the shares have traded as low as $4.42 and as high as $7.62. On average, 18068790 shares of HBAN exchange hands on a given day and today's volume is recorded at 14572932.