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Friday, December 2, 2011

Forming Upward Wedge Alert: (MUJ), (IRETP), (AWK), (SIRI), (OTTR)

Upward wedge patterns have been noticed on December 2 for the stocks BlackRock MuniHoldings New Jersey Insured Fund, Inc, Investors Real Estate Trust, American Water Works Company, Inc, SIRIUS XM Radio Inc, and Otter Tail Corporation. 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 BlackRock MuniHoldings New Jersey Insured Fund, Inc (MUJ) fell by 0.73% or $-0.11/share to $14.87. In the past year, the shares have traded as low as $12.04 and as high as $14.98. On average, 30960 shares of MUJ exchange hands on a given day and today's volume is recorded at 31740.

Shares of Investors Real Estate Trust (IRETP) traded higher by 0.07% or $0.02/share to $27.0. In the past year, the shares have traded as low as $23.87 and as high as $27.00. On average, 720 shares of IRETP exchange hands on a given day and today's volume is recorded at 750.

Shares of American Water Works Company, Inc (AWK) fell by 0.13% or $-0.04/share to $31.36. In the past year, the shares have traded as low as $23.98 and as high as $31.62. On average, 1199830 shares of AWK exchange hands on a given day and today's volume is recorded at 645358.

Shares of SIRIUS XM Radio Inc (SIRI) fell by 1.60% or $-0.03/share to $1.85. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 69549500 shares of SIRI exchange hands on a given day and today's volume is recorded at 34949808.

Shares of Otter Tail Corporation (OTTR) fell by 0.56% or $-0.12/share to $21.18. In the past year, the shares have traded as low as $17.27 and as high as $22.49. On average, 177850 shares of OTTR exchange hands on a given day and today's volume is recorded at 50834.