Upward wedge patterns have been noticed on January 4 for the stocks Education Realty Trust Inc, Laboratory Corp. of America Holdings, The Cheesecake Factory Incorporated, DR Horton Inc, and PacWest Bancorp. 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 Education Realty Trust Inc (EDR) fell by 2.47% or $-0.25/share to $9.89. In the past year, the shares have traded as low as $7.04 and as high as $10.52. On average, 1019470 shares of EDR exchange hands on a given day and today's volume is recorded at 632778.
Shares of Laboratory Corp. of America Holdings (LH) fell by 0.09% or $-0.08/share to $86.32. In the past year, the shares have traded as low as $74.57 and as high as $100.94. On average, 878890 shares of LH exchange hands on a given day and today's volume is recorded at 384289.
Shares of The Cheesecake Factory Incorporated (CAKE) fell by 0.37% or $-0.11/share to $29.25. In the past year, the shares have traded as low as $23.65 and as high as $34.07. On average, 1024609 shares of CAKE exchange hands on a given day and today's volume is recorded at 832525.
Shares of DR Horton Inc (DHI) traded higher by 1.54% or $0.20/share to $13.18. In the past year, the shares have traded as low as $8.00 and as high as $13.32. On average, 7100290 shares of DHI exchange hands on a given day and today's volume is recorded at 4832486.
Shares of PacWest Bancorp (PACW) traded higher by 1.44% or $0.29/share to $20.49. In the past year, the shares have traded as low as $12.87 and as high as $23.05. On average, 247590 shares of PACW exchange hands on a given day and today's volume is recorded at 229577.
