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Sunday, March 11, 2012

Upward Wedge Patterns Shown in Stocks: (BHK), (VPV), (PCP), (APO), (SEP)

Upward wedge patterns have been noticed on March 11 for the stocks BlackRock Core Bond Trust, Invesco Van Kampen Pennsylvania Value Municipal Income Trust, Precision Castparts Corp, Apollo Global Management, LLC, and Spectra Energy Partners, LP. 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 Core Bond Trust (BHK) fell by 0.64% or $-0.09/share to $14.0. In the past year, the shares have traded as low as $11.31 and as high as $14.25. On average, 82630 shares of BHK exchange hands on a given day and today's volume is recorded at 63209.

Shares of Invesco Van Kampen Pennsylvania Value Municipal Income Trust (VPV) traded higher by 1.68% or $0.25/share to $15.13. In the past year, the shares have traded as low as $11.37 and as high as $14.93. On average, 38670 shares of VPV exchange hands on a given day and today's volume is recorded at 52978.

Shares of Precision Castparts Corp (PCP) traded higher by 1.70% or $2.92/share to $174.47. In the past year, the shares have traded as low as $135.96 and as high as $179.44. On average, 707700 shares of PCP exchange hands on a given day and today's volume is recorded at 1064506.

Shares of Apollo Global Management, LLC (APO) traded higher by 1.43% or $0.20/share to $14.22. In the past year, the shares have traded as low as $8.42 and as high as $17.56. On average, 276350 shares of APO exchange hands on a given day and today's volume is recorded at 119560.

Shares of Spectra Energy Partners, LP (SEP) fell by 0.93% or $-0.30/share to $32.0. In the past year, the shares have traded as low as $24.77 and as high as $33.26. On average, 135720 shares of SEP exchange hands on a given day and today's volume is recorded at 103761.