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Sunday, April 29, 2012

Stocks with Upward Wedge Patterns: (ITC), (PNG), (SD), (IVW), (MORN)

Upward wedge patterns have been noticed on April 29 for the stocks ITC Holdings Corp, PAA Natural Gas Storage, L.P, SandRidge Energy, Inc, iShares S&P 500 Growth Index, and Morningstar 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 ITC Holdings Corp (ITC) fell by 0.08% or $-0.06/share to $78.13. In the past year, the shares have traded as low as $63.97 and as high as $81.52. On average, 324040 shares of ITC exchange hands on a given day and today's volume is recorded at 455845.

Shares of PAA Natural Gas Storage, L.P (PNG) traded higher by 0.11% or $0.02/share to $18.92. In the past year, the shares have traded as low as $14.90 and as high as $23.25. On average, 155100 shares of PNG exchange hands on a given day and today's volume is recorded at 82541.

Shares of SandRidge Energy, Inc (SD) fell by 1.57% or $-0.12/share to $7.54. In the past year, the shares have traded as low as $4.55 and as high as $12.67. On average, 13700420 shares of SD exchange hands on a given day and today's volume is recorded at 7543577.

Shares of iShares S&P 500 Growth Index (IVW) traded higher by 0.29% or $0.22/share to $75.69. In the past year, the shares have traded as low as $57.87 and as high as $76.19. On average, 526230 shares of IVW exchange hands on a given day and today's volume is recorded at 196929.

Shares of Morningstar Inc (MORN) fell by 0.03% or $-0.02/share to $58.53. In the past year, the shares have traded as low as $50.90 and as high as $63.67. On average, 74000 shares of MORN exchange hands on a given day and today's volume is recorded at 154887.