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Wednesday, November 30, 2011

Bearish Upward Wedge Detected: (FIZZ), (NUC), (AZPN), (IIM), (HITK)

Upward wedge patterns have been noticed on November 30 for the stocks National Beverage Corp, Nuveen California Quality Income Municipal Fund, Inc, Aspen Technology, Inc, Invesco Insured Municipal Income Trust, and Hi Tech Pharmacal Co. 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 National Beverage Corp (FIZZ) traded higher by 2.40% or $0.39/share to $16.65. In the past year, the shares have traded as low as $10.97 and as high as $17.76. On average, 46040 shares of FIZZ exchange hands on a given day and today's volume is recorded at 21916.

Shares of Nuveen California Quality Income Municipal Fund, Inc (NUC) fell by 0.09% or $-0.01/share to $15.11. In the past year, the shares have traded as low as $11.47 and as high as $15.40. On average, 31340 shares of NUC exchange hands on a given day and today's volume is recorded at 34225.

Shares of Aspen Technology, Inc (AZPN) traded higher by 4.18% or $0.70/share to $17.43. In the past year, the shares have traded as low as $12.23 and as high as $18.73. On average, 723290 shares of AZPN exchange hands on a given day and today's volume is recorded at 347803.

Shares of Invesco Insured Municipal Income Trust (IIM) traded higher by 0.25% or $0.04/share to $15.56. In the past year, the shares have traded as low as $11.69 and as high as $15.95. On average, 42850 shares of IIM exchange hands on a given day and today's volume is recorded at 33912.

Shares of Hi Tech Pharmacal Co. Inc (HITK) fell by 0.17% or $-0.07/share to $41.65. In the past year, the shares have traded as low as $18.68 and as high as $41.82. On average, 201180 shares of HITK exchange hands on a given day and today's volume is recorded at 175818.