Upward wedge patterns have been noticed on April 23 for the stocks SPDR Dow Jones Industrial Average, Columbia Banking System Inc, Stepan Company, LaSalle Hotel Properties, 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 SPDR Dow Jones Industrial Average (DIA) fell by 1.07% or $-1.39/share to $128.59. In the past year, the shares have traded as low as $102.40 and as high as $132.53. On average, 6429760 shares of DIA exchange hands on a given day and today's volume is recorded at 3433940.
Shares of Columbia Banking System Inc (COLB) fell by 3.76% or $-0.83/share to $21.23. In the past year, the shares have traded as low as $13.14 and as high as $23.52. On average, 221000 shares of COLB exchange hands on a given day and today's volume is recorded at 87958.
Shares of Stepan Company (SCL) fell by 2.38% or $-2.10/share to $86.15. In the past year, the shares have traded as low as $61.98 and as high as $92.00. On average, 29170 shares of SCL exchange hands on a given day and today's volume is recorded at 30148.
Shares of LaSalle Hotel Properties (LHO) fell by 3.86% or $-1.14/share to $28.39. In the past year, the shares have traded as low as $14.96 and as high as $29.98. On average, 755990 shares of LHO exchange hands on a given day and today's volume is recorded at 503169.
Shares of Simon Property Group Inc (SPG) fell by 1.65% or $-2.48/share to $147.63. In the past year, the shares have traded as low as $97.52 and as high as $150.78. On average, 1475750 shares of SPG exchange hands on a given day and today's volume is recorded at 872027.
