Upward wedge patterns have been noticed on March 29 for the stocks BHP Billiton plc, iShares Russell 2000 Index, Johnson Controls Inc, iShares Russell 2000 Value Index, and SPDR S&P Homebuilders. 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 BHP Billiton plc (BBL) fell by 0.23% or $-0.14/share to $59.93. In the past year, the shares have traded as low as $49.08 and as high as $84.07. On average, 1063340 shares of BBL exchange hands on a given day and today's volume is recorded at 881191.
Shares of iShares Russell 2000 Index (IWM) fell by 0.74% or $-0.62/share to $82.7. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 49040440 shares of IWM exchange hands on a given day and today's volume is recorded at 31626808.
Shares of Johnson Controls Inc (JCI) fell by 0.03% or $-0.01/share to $32.12. In the past year, the shares have traded as low as $24.02 and as high as $42.21. On average, 5718490 shares of JCI exchange hands on a given day and today's volume is recorded at 2535040.
Shares of iShares Russell 2000 Value Index (IWN) fell by 0.65% or $-0.48/share to $72.98. In the past year, the shares have traded as low as $52.83 and as high as $75.42. On average, 1836400 shares of IWN exchange hands on a given day and today's volume is recorded at 1052600.
Shares of SPDR S&P Homebuilders (XHB) fell by 1.15% or $-0.25/share to $21.47. In the past year, the shares have traded as low as $12.15 and as high as $21.99. On average, 7237390 shares of XHB exchange hands on a given day and today's volume is recorded at 5756371.
