Upward wedge patterns have been noticed on March 26 for the stocks SPDR S&P Homebuilders, iShares S&P MidCap 400 Value Index, Essex Property Trust Inc, Navistar International Corporation, and Retail Opportunity Investments 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 SPDR S&P Homebuilders (XHB) traded higher by 1.13% or $0.24/share to $21.47. In the past year, the shares have traded as low as $12.15 and as high as $21.87. On average, 7094700 shares of XHB exchange hands on a given day and today's volume is recorded at 5470272.
Shares of iShares S&P MidCap 400 Value Index (IJJ) traded higher by 0.93% or $0.79/share to $86.18. In the past year, the shares have traded as low as $61.65 and as high as $87.24. On average, 194450 shares of IJJ exchange hands on a given day and today's volume is recorded at 173012.
Shares of Essex Property Trust Inc (ESS) traded higher by 1.57% or $2.31/share to $149.24. In the past year, the shares have traded as low as $110.43 and as high as $149.63. On average, 291780 shares of ESS exchange hands on a given day and today's volume is recorded at 207418.
Shares of Navistar International Corporation (NAV) traded higher by 1.25% or $0.51/share to $41.4. In the past year, the shares have traded as low as $30.01 and as high as $71.49. On average, 1602130 shares of NAV exchange hands on a given day and today's volume is recorded at 818757.
Shares of Retail Opportunity Investments Corp (ROIC) fell by 0.58% or $-0.07/share to $12.01. In the past year, the shares have traded as low as $9.91 and as high as $12.18. On average, 292700 shares of ROIC exchange hands on a given day and today's volume is recorded at 175737.
