Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, November 20, 2011

Bearish Technical Upward Wedge: (HITK), (SO), (TJX), (MDRX), (LOPE)

Upward wedge patterns have been noticed on November 20 for the stocks Hi Tech Pharmacal Co. Inc, Southern Company, The TJX Companies, Inc, Allscripts Healthcare Solutions, Inc, and Grand Canyon Education, 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 Hi Tech Pharmacal Co. Inc (HITK) traded higher by 0.65% or $0.24/share to $37.08. In the past year, the shares have traded as low as $18.68 and as high as $38.33. On average, 187240 shares of HITK exchange hands on a given day and today's volume is recorded at 167352.

Shares of Southern Company (SO) traded higher by 0.37% or $0.16/share to $43.2. In the past year, the shares have traded as low as $35.25 and as high as $43.97. On average, 6175250 shares of SO exchange hands on a given day and today's volume is recorded at 3744978.

Shares of The TJX Companies, Inc (TJX) traded higher by 0.61% or $0.36/share to $59.54. In the past year, the shares have traded as low as $41.98 and as high as $61.71. On average, 3566150 shares of TJX exchange hands on a given day and today's volume is recorded at 3270904.

Shares of Allscripts Healthcare Solutions, Inc (MDRX) fell by 2.40% or $-0.47/share to $19.14. In the past year, the shares have traded as low as $13.85 and as high as $23.13. On average, 2207150 shares of MDRX exchange hands on a given day and today's volume is recorded at 1934065.

Shares of Grand Canyon Education, Inc (LOPE) fell by 0.84% or $-0.13/share to $15.39. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 303300 shares of LOPE exchange hands on a given day and today's volume is recorded at 223074.