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Wednesday, December 28, 2011

Bearish Wedge Pattern Detected: (TJX), (M), (NKE), (VVR), (NMO)

Upward wedge patterns have been noticed on December 28 for the stocks The TJX Companies, Inc, Macy's, Inc, Nike Inc, Invesco Van Kampen Senior Income Trust, and Nuveen Municipal Market Opportunity Fund, Inc. 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 The TJX Companies, Inc (TJX) fell by 0.63% or $-0.41/share to $64.97. In the past year, the shares have traded as low as $41.98 and as high as $65.50. On average, 2858440 shares of TJX exchange hands on a given day and today's volume is recorded at 749872.

Shares of Macy's, Inc (M) traded higher by 1.95% or $0.63/share to $32.91. In the past year, the shares have traded as low as $21.42 and as high as $33.16. On average, 8132660 shares of M exchange hands on a given day and today's volume is recorded at 3536997.

Shares of Nike Inc (NKE) fell by 1.03% or $-1.01/share to $96.77. In the past year, the shares have traded as low as $68.67 and as high as $98.25. On average, 2662460 shares of NKE exchange hands on a given day and today's volume is recorded at 1013665.

Shares of Invesco Van Kampen Senior Income Trust (VVR) fell by 0.97% or $-0.04/share to $4.3. In the past year, the shares have traded as low as $3.94 and as high as $5.01. On average, 792930 shares of VVR exchange hands on a given day and today's volume is recorded at 377948.

Shares of Nuveen Municipal Market Opportunity Fund, Inc (NMO) fell by 0.14% or $-0.02/share to $13.83. In the past year, the shares have traded as low as $10.85 and as high as $13.93. On average, 69560 shares of NMO exchange hands on a given day and today's volume is recorded at 19376.