Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, November 13, 2011

Upward Wedge Patterns Shown in Stocks: (KRNY), (LOPE), (LLY), (COST), (PMO)

Upward wedge patterns have been noticed on November 13 for the stocks Kearny Financial Corp, Grand Canyon Education, Inc, Eli Lilly & Co, Costco Wholesale Corporation, and Putnam Municipal Opportunities 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 Kearny Financial Corp (KRNY) traded higher by 1.34% or $0.13/share to $9.8. In the past year, the shares have traded as low as $7.94 and as high as $10.32. On average, 42470 shares of KRNY exchange hands on a given day and today's volume is recorded at 22805.

Shares of Grand Canyon Education, Inc (LOPE) traded higher by 2.62% or $0.43/share to $16.83. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 317520 shares of LOPE exchange hands on a given day and today's volume is recorded at 263727.

Shares of Eli Lilly & Co (LLY) traded higher by 1.67% or $0.62/share to $37.85. In the past year, the shares have traded as low as $32.17 and as high as $39.21. On average, 8969820 shares of LLY exchange hands on a given day and today's volume is recorded at 4398596.

Shares of Costco Wholesale Corporation (COST) traded higher by 0.39% or $0.32/share to $83.04. In the past year, the shares have traded as low as $63.17 and as high as $86.10. On average, 2853890 shares of COST exchange hands on a given day and today's volume is recorded at 2500598.

Shares of Putnam Municipal Opportunities Trust (PMO) fell by 0.67% or $-0.08/share to $11.8. In the past year, the shares have traded as low as $9.52 and as high as $11.89. On average, 67550 shares of PMO exchange hands on a given day and today's volume is recorded at 65422.