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Wednesday, November 9, 2011

Stocks with Upward Wedge Patterns: (HANS), (PMO), (MYI), (PEG), (LOPE)

Upward wedge patterns have been noticed on November 9 for the stocks Hansen Natural Corporation, Putnam Municipal Opportunities Trust, Blackrock MuniYield Insured Fund, Inc, Public Service Enterprise Group Inc, and Grand Canyon Education, 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 Hansen Natural Corporation (HANS) fell by 4.47% or $-4.22/share to $90.26. In the past year, the shares have traded as low as $48.28 and as high as $97.30. On average, 1362680 shares of HANS exchange hands on a given day and today's volume is recorded at 552909.

Shares of Putnam Municipal Opportunities Trust (PMO) traded higher by 0.17% or $0.02/share to $11.86. In the past year, the shares have traded as low as $9.52 and as high as $11.87. On average, 68680 shares of PMO exchange hands on a given day and today's volume is recorded at 50532.

Shares of Blackrock MuniYield Insured Fund, Inc (MYI) traded higher by 0.04% or $0.01/share to $13.39. In the past year, the shares have traded as low as $10.65 and as high as $13.43. On average, 125100 shares of MYI exchange hands on a given day and today's volume is recorded at 84890.

Shares of Public Service Enterprise Group Inc (PEG) fell by 3.16% or $-1.08/share to $33.1. In the past year, the shares have traded as low as $27.68 and as high as $35.48. On average, 3807590 shares of PEG exchange hands on a given day and today's volume is recorded at 1866193.

Shares of Grand Canyon Education, Inc (LOPE) fell by 5.19% or $-0.88/share to $16.09. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 330240 shares of LOPE exchange hands on a given day and today's volume is recorded at 97284.