Upward wedge patterns have been noticed on November 9 for the stocks Invesco Insured Municipal Income Trust, PAETEC Holding Corp, American Water Works Company, Inc, BlackRock MuniHoldings New York Insured Fund, Inc, and National Grid plc. 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 Invesco Insured Municipal Income Trust (IIM) traded higher by 0.72% or $0.11/share to $15.92. In the past year, the shares have traded as low as $11.74 and as high as $15.98. On average, 48400 shares of IIM exchange hands on a given day and today's volume is recorded at 37536.
Shares of PAETEC Holding Corp (PAET) fell by 1.84% or $-0.10/share to $5.33. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2028800 shares of PAET exchange hands on a given day and today's volume is recorded at 515451.
Shares of American Water Works Company, Inc (AWK) fell by 1.16% or $-0.36/share to $30.8. In the past year, the shares have traded as low as $23.46 and as high as $31.20. On average, 1343300 shares of AWK exchange hands on a given day and today's volume is recorded at 1338346.
Shares of BlackRock MuniHoldings New York Insured Fund, Inc (MHN) fell by 0.10% or $-0.01/share to $14.78. In the past year, the shares have traded as low as $11.71 and as high as $14.89. On average, 57590 shares of MHN exchange hands on a given day and today's volume is recorded at 98125.
Shares of National Grid plc (NGG) fell by 2.25% or $-1.13/share to $49.2. In the past year, the shares have traded as low as $40.74 and as high as $51.53. On average, 707850 shares of NGG exchange hands on a given day and today's volume is recorded at 697318.
