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Sunday, March 25, 2012

Upward Wedge Patterns Shown in Stocks: (CLH), (IWM), (FMO), (SJW), (AVB)

Upward wedge patterns have been noticed on March 25 for the stocks Clean Harbors, Inc, iShares Russell 2000 Index, Fiduciary/Claymore MLP Opportunity Fund, SJW Corp, and Avalonbay Communities Inc. 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 Clean Harbors, Inc (CLH) traded higher by 0.01% or $0.01/share to $68.26. In the past year, the shares have traded as low as $45.05 and as high as $71.63. On average, 304380 shares of CLH exchange hands on a given day and today's volume is recorded at 174868.

Shares of iShares Russell 2000 Index (IWM) traded higher by 0.67% or $0.55/share to $82.68. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 48132870 shares of IWM exchange hands on a given day and today's volume is recorded at 46434384.

Shares of Fiduciary/Claymore MLP Opportunity Fund (FMO) traded higher by 1.02% or $0.23/share to $22.7. In the past year, the shares have traded as low as $15.64 and as high as $23.15. On average, 80960 shares of FMO exchange hands on a given day and today's volume is recorded at 99081.

Shares of SJW Corp (SJW) traded higher by 1.20% or $0.29/share to $24.55. In the past year, the shares have traded as low as $20.56 and as high as $24.94. On average, 26110 shares of SJW exchange hands on a given day and today's volume is recorded at 19194.

Shares of Avalonbay Communities Inc (AVB) traded higher by 1.14% or $1.55/share to $137.09. In the past year, the shares have traded as low as $106.82 and as high as $140.61. On average, 754840 shares of AVB exchange hands on a given day and today's volume is recorded at 805632.