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Sunday, February 12, 2012

Upward Wedge Patterns Shown in Stocks: (BKCC), (NM), (SNPS), (ZION), (GIVN)

Upward wedge patterns have been noticed on February 12 for the stocks BlackRock Kelso Capital Corporation, Navios Maritime Holdings Inc, Synopsys Inc, Zions Bancorp, and Given Imaging Ltd. 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 Kelso Capital Corporation (BKCC) fell by 3.04% or $-0.29/share to $9.25. In the past year, the shares have traded as low as $6.11 and as high as $11.50. On average, 433730 shares of BKCC exchange hands on a given day and today's volume is recorded at 554751.

Shares of Navios Maritime Holdings Inc (NM) fell by 0.74% or $-0.03/share to $4.02. In the past year, the shares have traded as low as $2.78 and as high as $5.72. On average, 428550 shares of NM exchange hands on a given day and today's volume is recorded at 808574.

Shares of Synopsys Inc (SNPS) fell by 0.63% or $-0.19/share to $30.06. In the past year, the shares have traded as low as $21.37 and as high as $30.30. On average, 884250 shares of SNPS exchange hands on a given day and today's volume is recorded at 538164.

Shares of Zions Bancorp (ZION) fell by 0.76% or $-0.14/share to $18.37. In the past year, the shares have traded as low as $13.17 and as high as $25.25. On average, 3587170 shares of ZION exchange hands on a given day and today's volume is recorded at 2344532.

Shares of Given Imaging Ltd (GIVN) traded higher by 0.06% or $0.01/share to $17.28. In the past year, the shares have traded as low as $13.53 and as high as $22.92. On average, 34650 shares of GIVN exchange hands on a given day and today's volume is recorded at 24438.