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Wednesday, November 30, 2011

Stocks with Upward Wedge Patterns: (MDRX), (OTTR), (AWK), (ATO), (IRETP)

Upward wedge patterns have been noticed on November 30 for the stocks Allscripts Healthcare Solutions, Inc, Otter Tail Corporation, American Water Works Company, Inc, Atmos Energy Corporation, and Investors Real Estate Trust. 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 Allscripts Healthcare Solutions, Inc (MDRX) traded higher by 2.01% or $0.38/share to $19.27. In the past year, the shares have traded as low as $13.85 and as high as $23.13. On average, 1934430 shares of MDRX exchange hands on a given day and today's volume is recorded at 1423253.

Shares of Otter Tail Corporation (OTTR) traded higher by 3.34% or $0.69/share to $21.34. In the past year, the shares have traded as low as $17.27 and as high as $22.49. On average, 174850 shares of OTTR exchange hands on a given day and today's volume is recorded at 149113.

Shares of American Water Works Company, Inc (AWK) traded higher by 0.39% or $0.12/share to $30.79. In the past year, the shares have traded as low as $23.60 and as high as $31.26. On average, 1185440 shares of AWK exchange hands on a given day and today's volume is recorded at 713554.

Shares of Atmos Energy Corporation (ATO) traded higher by 2.04% or $0.68/share to $33.98. In the past year, the shares have traded as low as $27.92 and as high as $35.19. On average, 477230 shares of ATO exchange hands on a given day and today's volume is recorded at 321037.

Shares of Investors Real Estate Trust (IRETP) remained unchanged at $26.88. In the past year, the shares have traded as low as $23.87 and as high as $26.99. On average, 680 shares of IRETP exchange hands on a given day and today's volume is recorded at 0.