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

Tuesday, November 29, 2011

Bearish Technical Upward Wedge: (HITK), (MDRX), (V), (NUC), (LOPE)

Upward wedge patterns have been noticed on November 29 for the stocks Hi Tech Pharmacal Co. Inc, Allscripts Healthcare Solutions, Inc, Visa, Inc, Nuveen California Quality Income Municipal Fund, 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 1.63% or $0.66/share to $41.07. In the past year, the shares have traded as low as $18.68 and as high as $40.83. On average, 197140 shares of HITK exchange hands on a given day and today's volume is recorded at 208560.

Shares of Allscripts Healthcare Solutions, Inc (MDRX) fell by 1.40% or $-0.27/share to $18.95. In the past year, the shares have traded as low as $13.85 and as high as $23.13. On average, 1934070 shares of MDRX exchange hands on a given day and today's volume is recorded at 1257776.

Shares of Visa, Inc (V) fell by 0.48% or $-0.45/share to $93.02. In the past year, the shares have traded as low as $65.97 and as high as $95.65. On average, 4925980 shares of V exchange hands on a given day and today's volume is recorded at 2774460.

Shares of Nuveen California Quality Income Municipal Fund, Inc (NUC) traded higher by 0.20% or $0.03/share to $15.09. In the past year, the shares have traded as low as $11.47 and as high as $15.40. On average, 31370 shares of NUC exchange hands on a given day and today's volume is recorded at 8167.

Shares of Grand Canyon Education, Inc (LOPE) fell by 0.34% or $-0.05/share to $14.75. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 286960 shares of LOPE exchange hands on a given day and today's volume is recorded at 212648.