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Tuesday, March 27, 2012

Bearish Wedge Pattern Detected: (XHB), (VIS), (IWO), (SCL), (KOF)

Upward wedge patterns have been noticed on March 27 for the stocks SPDR S&P Homebuilders, Vanguard Industrials ETF, iShares Russell 2000 Growth Index, Stepan Company, and Coca-Cola FEMSA S.A.B de C.V. 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 1.44% or $0.31/share to $21.8. In the past year, the shares have traded as low as $12.15 and as high as $21.87. On average, 7081660 shares of XHB exchange hands on a given day and today's volume is recorded at 6359833.

Shares of Vanguard Industrials ETF (VIS) traded higher by 0.01% or $0.01/share to $70.07. In the past year, the shares have traded as low as $49.94 and as high as $71.19. On average, 50390 shares of VIS exchange hands on a given day and today's volume is recorded at 26024.

Shares of iShares Russell 2000 Growth Index (IWO) fell by 0.11% or $-0.11/share to $97.31. In the past year, the shares have traded as low as $68.24 and as high as $98.62. On average, 1647760 shares of IWO exchange hands on a given day and today's volume is recorded at 1278932.

Shares of Stepan Company (SCL) fell by 0.35% or $-0.31/share to $89.28. In the past year, the shares have traded as low as $61.98 and as high as $92.00. On average, 27450 shares of SCL exchange hands on a given day and today's volume is recorded at 13295.

Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) fell by 1.07% or $-1.13/share to $104.04. In the past year, the shares have traded as low as $83.21 and as high as $105.55. On average, 74160 shares of KOF exchange hands on a given day and today's volume is recorded at 112552.