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Sunday, March 25, 2012

Forming Upward Wedge Alert: (SD), (LNCR), (KOP), (VIS), (ROIC)

Upward wedge patterns have been noticed on March 25 for the stocks SandRidge Energy, Inc, Lincare Holdings Inc, Koppers Holdings Inc, Vanguard Industrials ETF, 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 SandRidge Energy, Inc (SD) traded higher by 8.65% or $0.66/share to $8.29. In the past year, the shares have traded as low as $4.55 and as high as $13.34. On average, 13917050 shares of SD exchange hands on a given day and today's volume is recorded at 29704370.

Shares of Lincare Holdings Inc (LNCR) fell by 0.26% or $-0.07/share to $26.98. In the past year, the shares have traded as low as $19.32 and as high as $31.05. On average, 589840 shares of LNCR exchange hands on a given day and today's volume is recorded at 373468.

Shares of Koppers Holdings Inc (KOP) traded higher by 2.53% or $0.92/share to $37.35. In the past year, the shares have traded as low as $23.30 and as high as $44.99. On average, 125660 shares of KOP exchange hands on a given day and today's volume is recorded at 78687.

Shares of Vanguard Industrials ETF (VIS) traded higher by 0.28% or $0.19/share to $69.05. In the past year, the shares have traded as low as $49.94 and as high as $71.19. On average, 50520 shares of VIS exchange hands on a given day and today's volume is recorded at 19721.

Shares of Retail Opportunity Investments Corp (ROIC) traded higher by 0.50% or $0.06/share to $12.08. In the past year, the shares have traded as low as $9.91 and as high as $12.18. On average, 292420 shares of ROIC exchange hands on a given day and today's volume is recorded at 149364.