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Sunday, February 12, 2012

Bearish Upward Wedge Detected: (APO), (LNC), (JKHY), (RDEN), (TMK)

Upward wedge patterns have been noticed on February 12 for the stocks Apollo Global Management, LLC, Lincoln National Corp, Jack Henry & Associates Inc, Elizabeth Arden, Inc, and Torchmark Corp. 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 Apollo Global Management, LLC (APO) fell by 6.13% or $-0.94/share to $14.4. In the past year, the shares have traded as low as $8.70 and as high as $18.14. On average, 250190 shares of APO exchange hands on a given day and today's volume is recorded at 708333.

Shares of Lincoln National Corp (LNC) fell by 0.88% or $-0.21/share to $24.17. In the past year, the shares have traded as low as $13.65 and as high as $32.34. On average, 5298630 shares of LNC exchange hands on a given day and today's volume is recorded at 4137664.

Shares of Jack Henry & Associates Inc (JKHY) fell by 1.32% or $-0.46/share to $34.38. In the past year, the shares have traded as low as $24.24 and as high as $35.37. On average, 431720 shares of JKHY exchange hands on a given day and today's volume is recorded at 207346.

Shares of Elizabeth Arden, Inc (RDEN) traded higher by 0.13% or $0.05/share to $38.34. In the past year, the shares have traded as low as $25.57 and as high as $39.96. On average, 194790 shares of RDEN exchange hands on a given day and today's volume is recorded at 107689.

Shares of Torchmark Corp (TMK) traded higher by 1.14% or $0.53/share to $47.2. In the past year, the shares have traded as low as $32.57 and as high as $48.00. On average, 1222330 shares of TMK exchange hands on a given day and today's volume is recorded at 1038816.