Upward wedge patterns have been noticed on December 18 for the stocks Aspen Technology, Inc, GlaxoSmithKline plc, Invesco Insured Municipal Income Trust, Pioneer Municipal High Income Advantage Trust, and QUALCOMM Incorporated. 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 Aspen Technology, Inc (AZPN) traded higher by 2.68% or $0.46/share to $17.6. In the past year, the shares have traded as low as $12.50 and as high as $18.73. On average, 711230 shares of AZPN exchange hands on a given day and today's volume is recorded at 785215.
Shares of GlaxoSmithKline plc (GSK) fell by 0.66% or $-0.30/share to $44.89. In the past year, the shares have traded as low as $34.43 and as high as $45.49. On average, 2991840 shares of GSK exchange hands on a given day and today's volume is recorded at 2807311.
Shares of Invesco Insured Municipal Income Trust (IIM) remained unchanged at $15.34. In the past year, the shares have traded as low as $11.64 and as high as $15.87. On average, 43510 shares of IIM exchange hands on a given day and today's volume is recorded at 30723.
Shares of Pioneer Municipal High Income Advantage Trust (MAV) traded higher by 0.50% or $0.07/share to $14.1. In the past year, the shares have traded as low as $10.50 and as high as $14.10. On average, 53960 shares of MAV exchange hands on a given day and today's volume is recorded at 62135.
Shares of QUALCOMM Incorporated (QCOM) traded higher by 0.11% or $0.06/share to $52.61. In the past year, the shares have traded as low as $45.59 and as high as $59.12. On average, 16056830 shares of QCOM exchange hands on a given day and today's volume is recorded at 19338126.
