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Sunday, April 29, 2012

Bearish Wedge Pattern Detected: (CASY), (IWF), (TOO), (ISI), (TDY)

Upward wedge patterns have been noticed on April 29 for the stocks Casey's General Stores Inc, iShares Russell 1000 Growth Index, Teekay Offshore Partners LP, iShares S&P 1500 Index, and Teledyne Technologies 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 Casey's General Stores Inc (CASY) traded higher by 2.39% or $1.34/share to $57.33. In the past year, the shares have traded as low as $37.67 and as high as $57.35. On average, 190500 shares of CASY exchange hands on a given day and today's volume is recorded at 258975.

Shares of iShares Russell 1000 Growth Index (IWF) traded higher by 0.36% or $0.24/share to $66.29. In the past year, the shares have traded as low as $49.61 and as high as $66.84. On average, 2292800 shares of IWF exchange hands on a given day and today's volume is recorded at 1404003.

Shares of Teekay Offshore Partners LP (TOO) traded higher by 0.31% or $0.09/share to $29.26. In the past year, the shares have traded as low as $20.87 and as high as $29.61. On average, 115940 shares of TOO exchange hands on a given day and today's volume is recorded at 199879.

Shares of iShares S&P 1500 Index (ISI) traded higher by 0.25% or $0.16/share to $63.85. In the past year, the shares have traded as low as $48.26 and as high as $64.61. On average, 23330 shares of ISI exchange hands on a given day and today's volume is recorded at 6704.

Shares of Teledyne Technologies Inc (TDY) traded higher by 1.01% or $0.66/share to $65.73. 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 155219.