Upward wedge patterns have been noticed on April 27 for the stocks Vanguard Consumer Discretionary ETF, iShares S&P 1500 Index, Sappi Limited, ProShares Ultra S&P500, and The Madison Square Garden Company. 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 Consumer Discretionary ETF (VCR) traded higher by 1.33% or $0.96/share to $73.33. In the past year, the shares have traded as low as $51.75 and as high as $73.18. On average, 55210 shares of VCR exchange hands on a given day and today's volume is recorded at 52437.
Shares of iShares S&P 1500 Index (ISI) traded higher by 0.35% or $0.22/share to $63.91. In the past year, the shares have traded as low as $48.26 and as high as $64.61. On average, 23330 shares of ISI exchange hands on a given day and today's volume is recorded at 4684.
Shares of Sappi Limited (SPP) traded higher by 1.41% or $0.05/share to $3.6. In the past year, the shares have traded as low as $2.59 and as high as $5.45. On average, 14500 shares of SPP exchange hands on a given day and today's volume is recorded at 1400.
Shares of ProShares Ultra S&P500 (SSO) traded higher by 0.57% or $0.33/share to $58.05. In the past year, the shares have traded as low as $34.09 and as high as $59.56. On average, 7526480 shares of SSO exchange hands on a given day and today's volume is recorded at 4137720.
Shares of The Madison Square Garden Company (MSG) traded higher by 0.47% or $0.17/share to $36.0. In the past year, the shares have traded as low as $21.12 and as high as $35.85. On average, 365620 shares of MSG exchange hands on a given day and today's volume is recorded at 271486.
