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Friday, April 27, 2012

Bearish Upward Wedge Detected: (IWV), (TDY), (DD), (KLIC), (IYY)

Upward wedge patterns have been noticed on April 27 for the stocks iShares Russell 3000 Index, Teledyne Technologies Inc, E. I. du Pont de Nemours and Company, Kulicke & Soffa Industries Inc, and iShares Dow Jones U.S. Index. 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 iShares Russell 3000 Index (IWV) traded higher by 0.45% or $0.37/share to $83.29. In the past year, the shares have traded as low as $62.44 and as high as $84.22. On average, 234680 shares of IWV exchange hands on a given day and today's volume is recorded at 136674.

Shares of Teledyne Technologies Inc (TDY) traded higher by 1.37% or $0.89/share to $65.96. In the past year, the shares have traded as low as $43.82 and as high as $65.73. On average, 163910 shares of TDY exchange hands on a given day and today's volume is recorded at 100595.

Shares of E. I. du Pont de Nemours and Company (DD) traded higher by 0.20% or $0.11/share to $53.85. In the past year, the shares have traded as low as $36.48 and as high as $55.13. On average, 5272960 shares of DD exchange hands on a given day and today's volume is recorded at 2304495.

Shares of Kulicke & Soffa Industries Inc (KLIC) traded higher by 3.89% or $0.50/share to $13.36. In the past year, the shares have traded as low as $6.71 and as high as $13.06. On average, 780380 shares of KLIC exchange hands on a given day and today's volume is recorded at 776757.

Shares of iShares Dow Jones U.S. Index (IYY) traded higher by 0.44% or $0.31/share to $70.7. In the past year, the shares have traded as low as $53.01 and as high as $71.49. On average, 64760 shares of IYY exchange hands on a given day and today's volume is recorded at 23635.