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Sunday, November 13, 2011

Forming Upward Wedge Alert: (CELG), (PEG), (NGG), (IRETP), (HANS)

Upward wedge patterns have been noticed on November 13 for the stocks Celgene Corporation, Public Service Enterprise Group Inc, National Grid plc, 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 Celgene Corporation (CELG) traded higher by 0.40% or $0.26/share to $64.57. In the past year, the shares have traded as low as $48.92 and as high as $68.25. On average, 3780280 shares of CELG exchange hands on a given day and today's volume is recorded at 4933734.

Shares of Public Service Enterprise Group Inc (PEG) traded higher by 1.25% or $0.42/share to $34.03. In the past year, the shares have traded as low as $27.68 and as high as $35.48. On average, 3738820 shares of PEG exchange hands on a given day and today's volume is recorded at 2546857.

Shares of National Grid plc (NGG) traded higher by 3.27% or $1.60/share to $50.5. In the past year, the shares have traded as low as $40.74 and as high as $51.53. On average, 685930 shares of NGG exchange hands on a given day and today's volume is recorded at 1598976.

Shares of Investors Real Estate Trust (IRETP) fell by 1.63% or $-0.44/share to $26.55. In the past year, the shares have traded as low as $23.88 and as high as $26.99. On average, 710 shares of IRETP exchange hands on a given day and today's volume is recorded at 750.

Shares of Hansen Natural Corporation (HANS) traded higher by 3.84% or $3.46/share to $93.45. In the past year, the shares have traded as low as $48.28 and as high as $97.31. On average, 1339930 shares of HANS exchange hands on a given day and today's volume is recorded at 640715.