Upward wedge patterns have been noticed on December 7 for the stocks Pinnacle West Capital Corporation, Pioneer Municipal High Income Advantage Trust, Investors Real Estate Trust, CapitalSource Inc, and Invesco Insured Municipal Income 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 Pinnacle West Capital Corporation (PNW) fell by 0.56% or $-0.26/share to $46.39. In the past year, the shares have traded as low as $36.87 and as high as $47.73. On average, 980930 shares of PNW exchange hands on a given day and today's volume is recorded at 547483.
Shares of Pioneer Municipal High Income Advantage Trust (MAV) traded higher by 0.76% or $0.11/share to $13.98. In the past year, the shares have traded as low as $10.57 and as high as $14.05. On average, 51760 shares of MAV exchange hands on a given day and today's volume is recorded at 58679.
Shares of Investors Real Estate Trust (IRETP) traded higher by 0.11% or $0.03/share to $26.99. In the past year, the shares have traded as low as $23.89 and as high as $27.00. On average, 730 shares of IRETP exchange hands on a given day and today's volume is recorded at 200.
Shares of CapitalSource Inc (CSE) fell by 2.32% or $-0.15/share to $6.32. In the past year, the shares have traded as low as $5.07 and as high as $8.17. On average, 4340650 shares of CSE exchange hands on a given day and today's volume is recorded at 1167304.
Shares of Invesco Insured Municipal Income Trust (IIM) traded higher by 0.64% or $0.10/share to $15.75. In the past year, the shares have traded as low as $11.69 and as high as $15.95. On average, 42370 shares of IIM exchange hands on a given day and today's volume is recorded at 34965.
