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Friday, April 27, 2012

Bearish Wedge Pattern Detected: (VTI), (CASY), (DIA), (CVX), (VUG)

Upward wedge patterns have been noticed on April 27 for the stocks Vanguard Total Stock Market ETF, Casey's General Stores Inc, SPDR Dow Jones Industrial Average, Chevron Corporation, and Vanguard Growth ETF. 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 Vanguard Total Stock Market ETF (VTI) traded higher by 0.35% or $0.25/share to $72.25. In the past year, the shares have traded as low as $54.03 and as high as $73.06. On average, 2162210 shares of VTI exchange hands on a given day and today's volume is recorded at 996762.

Shares of Casey's General Stores Inc (CASY) traded higher by 2.36% or $1.32/share to $57.31. In the past year, the shares have traded as low as $37.66 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 166356.

Shares of SPDR Dow Jones Industrial Average (DIA) traded higher by 0.26% or $0.34/share to $132.19. In the past year, the shares have traded as low as $102.39 and as high as $132.53. On average, 6366040 shares of DIA exchange hands on a given day and today's volume is recorded at 2896355.

Shares of Chevron Corporation (CVX) traded higher by 0.16% or $0.17/share to $106.39. In the past year, the shares have traded as low as $85.27 and as high as $112.28. On average, 6572280 shares of CVX exchange hands on a given day and today's volume is recorded at 3309500.

Shares of Vanguard Growth ETF (VUG) traded higher by 0.58% or $0.41/share to $71.27. In the past year, the shares have traded as low as $52.75 and as high as $71.83. On average, 511900 shares of VUG exchange hands on a given day and today's volume is recorded at 311517.