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Tuesday, November 1, 2011

Forming Upward Wedge Alert: (V), (IILG), (PCG), (VFC), (SNP)

Upward wedge patterns have been noticed on November 1 for the stocks Visa, Inc, Interval Leisure Group, Inc, PG & E Corp, V.F. Corporation, and China Petroleum & Chemical Corp. 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 Visa, Inc (V) fell by 2.94% or $-2.74/share to $90.52. In the past year, the shares have traded as low as $66.12 and as high as $95.87. On average, 5940920 shares of V exchange hands on a given day and today's volume is recorded at 4937672.

Shares of Interval Leisure Group, Inc (IILG) fell by 5.50% or $-0.76/share to $13.05. In the past year, the shares have traded as low as $10.19 and as high as $17.94. On average, 228480 shares of IILG exchange hands on a given day and today's volume is recorded at 79981.

Shares of PG & E Corp (PCG) fell by 2.35% or $-1.01/share to $41.89. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3334200 shares of PCG exchange hands on a given day and today's volume is recorded at 1592886.

Shares of V.F. Corporation (VFC) fell by 1.84% or $-2.54/share to $135.68. In the past year, the shares have traded as low as $76.19 and as high as $142.51. On average, 1123140 shares of VFC exchange hands on a given day and today's volume is recorded at 744722.

Shares of China Petroleum & Chemical Corp (SNP) fell by 1.49% or $-1.41/share to $92.99. In the past year, the shares have traded as low as $81.17 and as high as $107.89. On average, 222100 shares of SNP exchange hands on a given day and today's volume is recorded at 216467.