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Tuesday, November 29, 2011

Stocks with Upward Wedge Patterns: (MYI), (IIM), (MA), (FIZZ), (OTTR)

Upward wedge patterns have been noticed on November 29 for the stocks Blackrock MuniYield Insured Fund, Inc, Invesco Insured Municipal Income Trust, Mastercard Incorporated, National Beverage Corp, and Otter Tail 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 Blackrock MuniYield Insured Fund, Inc (MYI) fell by 0.06% or $-0.01/share to $13.49. In the past year, the shares have traded as low as $10.58 and as high as $13.54. On average, 121030 shares of MYI exchange hands on a given day and today's volume is recorded at 82933.

Shares of Invesco Insured Municipal Income Trust (IIM) traded higher by 0.06% or $0.01/share to $15.52. In the past year, the shares have traded as low as $11.69 and as high as $15.95. On average, 42950 shares of IIM exchange hands on a given day and today's volume is recorded at 32525.

Shares of Mastercard Incorporated (MA) fell by 0.21% or $-0.75/share to $358.5. In the past year, the shares have traded as low as $214.53 and as high as $373.55. On average, 1345310 shares of MA exchange hands on a given day and today's volume is recorded at 496229.

Shares of National Beverage Corp (FIZZ) fell by 0.97% or $-0.16/share to $16.34. In the past year, the shares have traded as low as $10.84 and as high as $17.76. On average, 45770 shares of FIZZ exchange hands on a given day and today's volume is recorded at 27911.

Shares of Otter Tail Corporation (OTTR) traded higher by 0.88% or $0.18/share to $20.62. In the past year, the shares have traded as low as $17.27 and as high as $22.49. On average, 175150 shares of OTTR exchange hands on a given day and today's volume is recorded at 101034.