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Tuesday, April 24, 2012

Bearish Wedge Pattern Detected: (HUBG), (NDAQ), (PNG), (DIA), (SPG)

Upward wedge patterns have been noticed on April 24 for the stocks Hub Group Inc, Nasdaq OMX Group Inc, PAA Natural Gas Storage, L.P, SPDR Dow Jones Industrial Average, and Simon Property Group 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 Hub Group Inc (HUBG) fell by 0.12% or $-0.04/share to $34.97. In the past year, the shares have traded as low as $25.77 and as high as $40.56. On average, 219870 shares of HUBG exchange hands on a given day and today's volume is recorded at 119863.

Shares of Nasdaq OMX Group Inc (NDAQ) traded higher by 1.12% or $0.28/share to $25.3. In the past year, the shares have traded as low as $20.32 and as high as $28.08. On average, 1825050 shares of NDAQ exchange hands on a given day and today's volume is recorded at 2177584.

Shares of PAA Natural Gas Storage, L.P (PNG) traded higher by 0.86% or $0.16/share to $18.77. In the past year, the shares have traded as low as $14.90 and as high as $23.25. On average, 155520 shares of PNG exchange hands on a given day and today's volume is recorded at 83206.

Shares of SPDR Dow Jones Industrial Average (DIA) traded higher by 0.49% or $0.63/share to $129.65. In the past year, the shares have traded as low as $102.39 and as high as $132.53. On average, 6429970 shares of DIA exchange hands on a given day and today's volume is recorded at 3152746.

Shares of Simon Property Group Inc (SPG) traded higher by 1.18% or $1.75/share to $150.38. In the past year, the shares have traded as low as $97.52 and as high as $150.79. On average, 1482100 shares of SPG exchange hands on a given day and today's volume is recorded at 776083.