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Friday, November 4, 2011

Stocks with Upward Wedge Patterns: (IRETP), (BYM), (PEG), (V), (VFC)

Upward wedge patterns have been noticed on November 4 for the stocks Investors Real Estate Trust, BlackRock Insured Municipal Income Trust, Public Service Enterprise Group Inc, Visa, Inc, and V.F. 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 Investors Real Estate Trust (IRETP) remained unchanged at $26.87. In the past year, the shares have traded as low as $23.87 and as high as $26.99. On average, 760 shares of IRETP exchange hands on a given day and today's volume is recorded at 0.

Shares of BlackRock Insured Municipal Income Trust (BYM) remained unchanged at $14.43. In the past year, the shares have traded as low as $11.11 and as high as $14.44. On average, 45990 shares of BYM exchange hands on a given day and today's volume is recorded at 28845.

Shares of Public Service Enterprise Group Inc (PEG) fell by 1.16% or $-0.40/share to $33.98. In the past year, the shares have traded as low as $27.68 and as high as $35.48. On average, 3956080 shares of PEG exchange hands on a given day and today's volume is recorded at 1547307.

Shares of Visa, Inc (V) fell by 0.40% or $-0.37/share to $92.81. In the past year, the shares have traded as low as $66.12 and as high as $95.87. On average, 5969200 shares of V exchange hands on a given day and today's volume is recorded at 2010588.

Shares of V.F. Corporation (VFC) fell by 3.42% or $-4.82/share to $136.21. In the past year, the shares have traded as low as $76.18 and as high as $142.49. On average, 1137780 shares of VFC exchange hands on a given day and today's volume is recorded at 599434.