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Monday, April 23, 2012

Bearish Upward Wedge Detected: (WOR), (CBSH), (WTR), (BMR), (KRC)

Upward wedge patterns have been noticed on April 23 for the stocks Worthington Industries, Inc, Commerce Bancshares, Inc, Aqua America Inc, BioMed Realty Trust Inc, and Kilroy Realty Corp. 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 Worthington Industries, Inc (WOR) fell by 2.12% or $-0.38/share to $17.54. In the past year, the shares have traded as low as $12.66 and as high as $23.22. On average, 574040 shares of WOR exchange hands on a given day and today's volume is recorded at 354204.

Shares of Commerce Bancshares, Inc (CBSH) fell by 1.11% or $-0.44/share to $39.41. In the past year, the shares have traded as low as $32.66 and as high as $43.20. On average, 410200 shares of CBSH exchange hands on a given day and today's volume is recorded at 214024.

Shares of Aqua America Inc (WTR) fell by 1.45% or $-0.32/share to $21.76. In the past year, the shares have traded as low as $18.86 and as high as $22.75. On average, 459190 shares of WTR exchange hands on a given day and today's volume is recorded at 347246.

Shares of BioMed Realty Trust Inc (BMR) fell by 1.91% or $-0.37/share to $18.99. In the past year, the shares have traded as low as $14.44 and as high as $20.32. On average, 1911980 shares of BMR exchange hands on a given day and today's volume is recorded at 610099.

Shares of Kilroy Realty Corp (KRC) fell by 1.67% or $-0.78/share to $45.79. In the past year, the shares have traded as low as $27.87 and as high as $47.29. On average, 863890 shares of KRC exchange hands on a given day and today's volume is recorded at 415130.