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Wednesday, November 30, 2011

Bearish Wedge Pattern Detected: (QCOM), (MCS), (HTD), (MYI), (TJX)

Upward wedge patterns have been noticed on November 30 for the stocks QUALCOMM Incorporated, The Marcus Corporation, John Hancock Tax Advantaged Dividend Income Fund, Blackrock MuniYield Insured Fund, Inc, and The TJX Companies, 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 QUALCOMM Incorporated (QCOM) traded higher by 2.69% or $1.43/share to $54.54. In the past year, the shares have traded as low as $45.59 and as high as $59.12. On average, 16724390 shares of QCOM exchange hands on a given day and today's volume is recorded at 10849979.

Shares of The Marcus Corporation (MCS) traded higher by 8.90% or $1.00/share to $12.23. In the past year, the shares have traded as low as $7.94 and as high as $14.19. On average, 105550 shares of MCS exchange hands on a given day and today's volume is recorded at 49479.

Shares of John Hancock Tax Advantaged Dividend Income Fund (HTD) traded higher by 0.60% or $0.10/share to $16.63. In the past year, the shares have traded as low as $12.98 and as high as $17.19. On average, 102690 shares of HTD exchange hands on a given day and today's volume is recorded at 100856.

Shares of Blackrock MuniYield Insured Fund, Inc (MYI) traded higher by 0.15% or $0.02/share to $13.52. In the past year, the shares have traded as low as $10.58 and as high as $13.54. On average, 121940 shares of MYI exchange hands on a given day and today's volume is recorded at 97202.

Shares of The TJX Companies, Inc (TJX) traded higher by 0.58% or $0.35/share to $60.95. In the past year, the shares have traded as low as $41.98 and as high as $61.71. On average, 3423820 shares of TJX exchange hands on a given day and today's volume is recorded at 2364501.