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Sunday, December 18, 2011

Bearish Wedge Pattern Detected: (AWK), (MA), (FIZZ), (PL), (NXZ)

Upward wedge patterns have been noticed on December 18 for the stocks American Water Works Company, Inc, Mastercard Incorporated, National Beverage Corp, Protective Life Corp, and Nuveen Dividend Advatage Municipal Fund 2. 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 American Water Works Company, Inc (AWK) traded higher by 1.10% or $0.34/share to $31.26. In the past year, the shares have traded as low as $24.23 and as high as $31.80. On average, 1170570 shares of AWK exchange hands on a given day and today's volume is recorded at 2751641.

Shares of Mastercard Incorporated (MA) traded higher by 0.82% or $2.95/share to $362.16. In the past year, the shares have traded as low as $214.54 and as high as $384.99. On average, 1240790 shares of MA exchange hands on a given day and today's volume is recorded at 832533.

Shares of National Beverage Corp (FIZZ) fell by 1.09% or $-0.18/share to $16.36. In the past year, the shares have traded as low as $12.30 and as high as $17.76. On average, 39830 shares of FIZZ exchange hands on a given day and today's volume is recorded at 106226.

Shares of Protective Life Corp (PL) traded higher by 1.06% or $0.22/share to $21.0. In the past year, the shares have traded as low as $13.61 and as high as $28.74. On average, 932280 shares of PL exchange hands on a given day and today's volume is recorded at 745130.

Shares of Nuveen Dividend Advatage Municipal Fund 2 (NXZ) traded higher by 0.28% or $0.04/share to $14.36. In the past year, the shares have traded as low as $11.23 and as high as $14.68. On average, 46440 shares of NXZ exchange hands on a given day and today's volume is recorded at 43012.