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Wednesday, April 25, 2012

Bearish Upward Wedge Detected: (TROW), (MSG), (VBK), (LHO), (CASS)

Upward wedge patterns have been noticed on April 25 for the stocks T. Rowe Price Group, Inc, The Madison Square Garden Company, Vanguard Small Cap Growth ETF, LaSalle Hotel Properties, and Cass Information Systems 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 T. Rowe Price Group, Inc (TROW) traded higher by 1.90% or $1.18/share to $63.13. In the past year, the shares have traded as low as $44.20 and as high as $66.00. On average, 1556200 shares of TROW exchange hands on a given day and today's volume is recorded at 1330918.

Shares of The Madison Square Garden Company (MSG) traded higher by 1.03% or $0.36/share to $35.37. In the past year, the shares have traded as low as $21.12 and as high as $35.38. On average, 366410 shares of MSG exchange hands on a given day and today's volume is recorded at 181507.

Shares of Vanguard Small Cap Growth ETF (VBK) traded higher by 2.06% or $1.72/share to $85.4. In the past year, the shares have traded as low as $61.93 and as high as $89.35. On average, 161260 shares of VBK exchange hands on a given day and today's volume is recorded at 127008.

Shares of LaSalle Hotel Properties (LHO) traded higher by 0.76% or $0.22/share to $29.23. In the past year, the shares have traded as low as $14.96 and as high as $29.98. On average, 772190 shares of LHO exchange hands on a given day and today's volume is recorded at 874691.

Shares of Cass Information Systems Inc (CASS) traded higher by 2.24% or $0.88/share to $40.2. In the past year, the shares have traded as low as $29.50 and as high as $41.89. On average, 16900 shares of CASS exchange hands on a given day and today's volume is recorded at 21233.