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Tuesday, November 29, 2011

Bearish Wedge Pattern Detected: (PEG), (AWK), (AZPN), (IRETP), (HANS)

Upward wedge patterns have been noticed on November 29 for the stocks Public Service Enterprise Group Inc, American Water Works Company, Inc, Aspen Technology, Inc, Investors Real Estate Trust, and Hansen Natural Corporation. 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 Public Service Enterprise Group Inc (PEG) traded higher by 0.95% or $0.30/share to $31.89. In the past year, the shares have traded as low as $27.68 and as high as $35.48. On average, 3478730 shares of PEG exchange hands on a given day and today's volume is recorded at 1878315.

Shares of American Water Works Company, Inc (AWK) traded higher by 1.97% or $0.59/share to $30.52. In the past year, the shares have traded as low as $23.36 and as high as $31.26. On average, 1185500 shares of AWK exchange hands on a given day and today's volume is recorded at 429341.

Shares of Aspen Technology, Inc (AZPN) fell by 2.57% or $-0.44/share to $16.69. In the past year, the shares have traded as low as $12.23 and as high as $18.73. On average, 731250 shares of AZPN exchange hands on a given day and today's volume is recorded at 229735.

Shares of Investors Real Estate Trust (IRETP) remained unchanged at $26.88. In the past year, the shares have traded as low as $23.87 and as high as $26.99. On average, 680 shares of IRETP exchange hands on a given day and today's volume is recorded at 0.

Shares of Hansen Natural Corporation (HANS) fell by 0.37% or $-0.33/share to $89.15. In the past year, the shares have traded as low as $48.28 and as high as $97.31. On average, 1213110 shares of HANS exchange hands on a given day and today's volume is recorded at 394640.