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Tuesday, November 22, 2011

Upward Wedge Patterns Shown in Stocks: (LLY), (TJX), (HANS), (IRETP), (CPK)

Upward wedge patterns have been noticed on November 22 for the stocks Eli Lilly & Co, The TJX Companies, Inc, Hansen Natural Corporation, Investors Real Estate Trust, and Chesapeake Utilities 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 Eli Lilly & Co (LLY) fell by 0.50% or $-0.18/share to $36.16. In the past year, the shares have traded as low as $31.76 and as high as $38.71. On average, 8508210 shares of LLY exchange hands on a given day and today's volume is recorded at 3020148.

Shares of The TJX Companies, Inc (TJX) traded higher by 0.24% or $0.14/share to $59.25. In the past year, the shares have traded as low as $41.98 and as high as $61.71. On average, 3508820 shares of TJX exchange hands on a given day and today's volume is recorded at 2365110.

Shares of Hansen Natural Corporation (HANS) traded higher by 0.94% or $0.83/share to $88.97. In the past year, the shares have traded as low as $48.28 and as high as $97.31. On average, 1286060 shares of HANS exchange hands on a given day and today's volume is recorded at 282653.

Shares of Investors Real Estate Trust (IRETP) remained unchanged at $26.7. In the past year, the shares have traded as low as $23.88 and as high as $26.99. On average, 710 shares of IRETP exchange hands on a given day and today's volume is recorded at 0.

Shares of Chesapeake Utilities Corporation (CPK) fell by 0.73% or $-0.31/share to $41.88. In the past year, the shares have traded as low as $35.65 and as high as $43.65. On average, 47860 shares of CPK exchange hands on a given day and today's volume is recorded at 11446.