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Sunday, April 22, 2012

Forming Upward Wedge Alert: (IYJ), (DIA), (SCL), (ZBRA), (GPI)

Upward wedge patterns have been noticed on April 22 for the stocks iShares Dow Jones US Industrial, SPDR Dow Jones Industrial Average, Stepan Company, Zebra Technologies Corp, and Group 1 Automotive 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 iShares Dow Jones US Industrial (IYJ) traded higher by 0.78% or $0.54/share to $70.15. In the past year, the shares have traded as low as $51.45 and as high as $72.51. On average, 76190 shares of IYJ exchange hands on a given day and today's volume is recorded at 23177.

Shares of SPDR Dow Jones Industrial Average (DIA) traded higher by 0.34% or $0.44/share to $129.98. In the past year, the shares have traded as low as $102.51 and as high as $132.67. On average, 6450530 shares of DIA exchange hands on a given day and today's volume is recorded at 5676429.

Shares of Stepan Company (SCL) traded higher by 0.56% or $0.49/share to $88.25. In the past year, the shares have traded as low as $61.99 and as high as $92.00. On average, 28960 shares of SCL exchange hands on a given day and today's volume is recorded at 24534.

Shares of Zebra Technologies Corp (ZBRA) traded higher by 1.31% or $0.49/share to $37.95. In the past year, the shares have traded as low as $28.20 and as high as $44.53. On average, 189140 shares of ZBRA exchange hands on a given day and today's volume is recorded at 214763.

Shares of Group 1 Automotive Inc (GPI) traded higher by 0.98% or $0.56/share to $57.63. In the past year, the shares have traded as low as $33.13 and as high as $59.97. On average, 338340 shares of GPI exchange hands on a given day and today's volume is recorded at 192016.