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Sunday, April 22, 2012

Bearish Technical Upward Wedge: (PG), (VCR), (VBK), (WOR), (NM)

Upward wedge patterns have been noticed on April 22 for the stocks Procter & Gamble Co, Vanguard Consumer Discretionary ETF, Vanguard Small Cap Growth ETF, Worthington Industries, Inc, and Navios Maritime Holdings 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 Procter & Gamble Co (PG) traded higher by 1.41% or $0.94/share to $67.51. In the past year, the shares have traded as low as $56.64 and as high as $67.95. On average, 10710090 shares of PG exchange hands on a given day and today's volume is recorded at 11091406.

Shares of Vanguard Consumer Discretionary ETF (VCR) traded higher by 0.20% or $0.14/share to $71.34. In the past year, the shares have traded as low as $51.74 and as high as $73.18. On average, 56380 shares of VCR exchange hands on a given day and today's volume is recorded at 26244.

Shares of Vanguard Small Cap Growth ETF (VBK) traded higher by 0.33% or $0.28/share to $84.63. In the past year, the shares have traded as low as $61.94 and as high as $89.35. On average, 164090 shares of VBK exchange hands on a given day and today's volume is recorded at 68087.

Shares of Worthington Industries, Inc (WOR) fell by 0.22% or $-0.04/share to $17.92. In the past year, the shares have traded as low as $12.66 and as high as $23.22. On average, 571420 shares of WOR exchange hands on a given day and today's volume is recorded at 483880.

Shares of Navios Maritime Holdings Inc (NM) traded higher by 1.05% or $0.04/share to $3.84. In the past year, the shares have traded as low as $2.75 and as high as $5.26. On average, 451360 shares of NM exchange hands on a given day and today's volume is recorded at 323811.