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Wednesday, April 25, 2012

Bearish Wedge Pattern Detected: (SCBT), (LLL), (DD), (CASY), (WOR)

Upward wedge patterns have been noticed on April 25 for the stocks SCBT Financial Corp, L-3 Communications Holdings Inc, E. I. du Pont de Nemours and Company, Casey's General Stores Inc, and Worthington Industries, 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 SCBT Financial Corp (SCBT) traded higher by 0.09% or $0.03/share to $31.72. In the past year, the shares have traded as low as $23.76 and as high as $33.81. On average, 29690 shares of SCBT exchange hands on a given day and today's volume is recorded at 19548.

Shares of L-3 Communications Holdings Inc (LLL) traded higher by 0.23% or $0.16/share to $70.01. In the past year, the shares have traded as low as $57.51 and as high as $86.77. On average, 696100 shares of LLL exchange hands on a given day and today's volume is recorded at 818176.

Shares of E. I. du Pont de Nemours and Company (DD) traded higher by 2.27% or $1.20/share to $53.88. In the past year, the shares have traded as low as $36.48 and as high as $55.14. On average, 5360710 shares of DD exchange hands on a given day and today's volume is recorded at 4513178.

Shares of Casey's General Stores Inc (CASY) traded higher by 0.57% or $0.32/share to $56.21. In the past year, the shares have traded as low as $37.66 and as high as $57.35. On average, 187680 shares of CASY exchange hands on a given day and today's volume is recorded at 168768.

Shares of Worthington Industries, Inc (WOR) traded higher by 1.80% or $0.32/share to $18.06. In the past year, the shares have traded as low as $12.66 and as high as $23.22. On average, 575880 shares of WOR exchange hands on a given day and today's volume is recorded at 315935.