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Wednesday, January 4, 2012

Forming Upward Wedge Alert: (PPL), (LTC), (KMI), (MQT), (PBY)

Upward wedge patterns have been noticed on January 4 for the stocks PPL Corporation, LTC Properties Inc, Kinder Morgan, Inc, BlackRock MuniYield Quality Fund II, Inc, and Pep Boys - Manny, Moe & Jack. 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 PPL Corporation (PPL) fell by 0.52% or $-0.15/share to $28.67. In the past year, the shares have traded as low as $23.23 and as high as $29.92. On average, 4162100 shares of PPL exchange hands on a given day and today's volume is recorded at 4933713.

Shares of LTC Properties Inc (LTC) fell by 0.80% or $-0.25/share to $30.92. In the past year, the shares have traded as low as $19.88 and as high as $31.59. On average, 179510 shares of LTC exchange hands on a given day and today's volume is recorded at 116150.

Shares of Kinder Morgan, Inc (KMI) traded higher by 0.13% or $0.04/share to $32.53. In the past year, the shares have traded as low as $23.27 and as high as $32.88. On average, 2619540 shares of KMI exchange hands on a given day and today's volume is recorded at 3350004.

Shares of BlackRock MuniYield Quality Fund II, Inc (MQT) fell by 0.07% or $-0.01/share to $13.72. In the past year, the shares have traded as low as $9.62 and as high as $13.85. On average, 42370 shares of MQT exchange hands on a given day and today's volume is recorded at 43730.

Shares of Pep Boys - Manny, Moe & Jack (PBY) remained unchanged at $11.02. In the past year, the shares have traded as low as $8.15 and as high as $15.84. On average, 504540 shares of PBY exchange hands on a given day and today's volume is recorded at 692991.