Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, December 7, 2011

Bearish Wedge Pattern Detected: (V), (MUJ), (FIZZ), (MDRX), (MA)

Upward wedge patterns have been noticed on December 7 for the stocks Visa, Inc, BlackRock MuniHoldings New Jersey Insured Fund, Inc, National Beverage Corp, Allscripts Healthcare Solutions, Inc, and Mastercard 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 Visa, Inc (V) traded higher by 1.29% or $1.23/share to $96.61. In the past year, the shares have traded as low as $65.98 and as high as $98.60. On average, 4875800 shares of V exchange hands on a given day and today's volume is recorded at 2773156.

Shares of BlackRock MuniHoldings New Jersey Insured Fund, Inc (MUJ) traded higher by 0.82% or $0.12/share to $15.05. In the past year, the shares have traded as low as $12.04 and as high as $15.05. On average, 31320 shares of MUJ exchange hands on a given day and today's volume is recorded at 32346.

Shares of National Beverage Corp (FIZZ) fell by 0.64% or $-0.11/share to $17.15. In the past year, the shares have traded as low as $12.30 and as high as $17.76. On average, 44540 shares of FIZZ exchange hands on a given day and today's volume is recorded at 9534.

Shares of Allscripts Healthcare Solutions, Inc (MDRX) fell by 2.43% or $-0.47/share to $18.89. In the past year, the shares have traded as low as $13.85 and as high as $23.13. On average, 1902330 shares of MDRX exchange hands on a given day and today's volume is recorded at 1094213.

Shares of Mastercard Incorporated (MA) fell by 0.42% or $-1.56/share to $369.74. In the past year, the shares have traded as low as $214.53 and as high as $384.99. On average, 1334510 shares of MA exchange hands on a given day and today's volume is recorded at 481076.