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Monday, March 26, 2012

Upward Wedge Patterns Shown in Stocks: (VIS), (MYE), (VBR), (UFCS), (ASCA)

Upward wedge patterns have been noticed on March 26 for the stocks Vanguard Industrials ETF, Myers Industries Inc, Vanguard Small Cap Value ETF, United Fire & Casualty Company, and Ameristar Casinos 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 Vanguard Industrials ETF (VIS) traded higher by 1.40% or $0.97/share to $70.02. 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 49155.

Shares of Myers Industries Inc (MYE) traded higher by 1.19% or $0.17/share to $14.49. In the past year, the shares have traded as low as $9.07 and as high as $14.88. On average, 96260 shares of MYE exchange hands on a given day and today's volume is recorded at 120237.

Shares of Vanguard Small Cap Value ETF (VBR) traded higher by 1.57% or $1.10/share to $71.22. In the past year, the shares have traded as low as $50.80 and as high as $71.91. On average, 137730 shares of VBR exchange hands on a given day and today's volume is recorded at 71734.

Shares of United Fire & Casualty Company (UFCS) traded higher by 2.35% or $0.43/share to $18.65. In the past year, the shares have traded as low as $14.45 and as high as $21.28. On average, 51320 shares of UFCS exchange hands on a given day and today's volume is recorded at 36027.

Shares of Ameristar Casinos Inc (ASCA) traded higher by 1.41% or $0.27/share to $19.42. In the past year, the shares have traded as low as $14.42 and as high as $24.05. On average, 253100 shares of ASCA exchange hands on a given day and today's volume is recorded at 203783.