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Monday, November 14, 2011

Bearish Technical Upward Wedge: (KRNY), (SO), (HANS), (AWK), (NGG)

Upward wedge patterns have been noticed on November 14 for the stocks Kearny Financial Corp, Southern Company, Hansen Natural Corporation, American Water Works Company, Inc, and National Grid plc. 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 Kearny Financial Corp (KRNY) fell by 0.71% or $-0.07/share to $9.73. In the past year, the shares have traded as low as $7.94 and as high as $10.32. On average, 42170 shares of KRNY exchange hands on a given day and today's volume is recorded at 6340.

Shares of Southern Company (SO) fell by 0.71% or $-0.31/share to $43.63. In the past year, the shares have traded as low as $35.25 and as high as $43.97. On average, 6392480 shares of SO exchange hands on a given day and today's volume is recorded at 1651299.

Shares of Hansen Natural Corporation (HANS) traded higher by 0.17% or $0.16/share to $93.61. In the past year, the shares have traded as low as $48.28 and as high as $97.31. On average, 1326760 shares of HANS exchange hands on a given day and today's volume is recorded at 264597.

Shares of American Water Works Company, Inc (AWK) fell by 0.42% or $-0.13/share to $31.03. In the past year, the shares have traded as low as $23.46 and as high as $31.49. On average, 1269320 shares of AWK exchange hands on a given day and today's volume is recorded at 283441.

Shares of National Grid plc (NGG) fell by 1.47% or $-0.74/share to $49.76. In the past year, the shares have traded as low as $40.74 and as high as $51.53. On average, 693240 shares of NGG exchange hands on a given day and today's volume is recorded at 424338.