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Monday, April 23, 2012

Stocks with Upward Wedge Patterns: (PNG), (MXIM), (MUSA), (VCR), (PG)

Upward wedge patterns have been noticed on April 23 for the stocks PAA Natural Gas Storage, L.P, Maxim Integrated Products Inc, Metals USA Holdings Corp, Vanguard Consumer Discretionary ETF, and Procter & Gamble Co. 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 PAA Natural Gas Storage, L.P (PNG) fell by 0.96% or $-0.18/share to $18.61. In the past year, the shares have traded as low as $14.90 and as high as $23.25. On average, 155080 shares of PNG exchange hands on a given day and today's volume is recorded at 97704.

Shares of Maxim Integrated Products Inc (MXIM) fell by 1.18% or $-0.32/share to $26.85. In the past year, the shares have traded as low as $20.08 and as high as $29.25. On average, 2347110 shares of MXIM exchange hands on a given day and today's volume is recorded at 1195410.

Shares of Metals USA Holdings Corp (MUSA) fell by 1.62% or $-0.24/share to $14.31. In the past year, the shares have traded as low as $7.77 and as high as $17.09. On average, 148580 shares of MUSA exchange hands on a given day and today's volume is recorded at 69197.

Shares of Vanguard Consumer Discretionary ETF (VCR) fell by 1.60% or $-1.14/share to $70.2. In the past year, the shares have traded as low as $51.75 and as high as $73.18. On average, 55910 shares of VCR exchange hands on a given day and today's volume is recorded at 37075.

Shares of Procter & Gamble Co (PG) fell by 1.39% or $-0.94/share to $66.57. In the past year, the shares have traded as low as $56.64 and as high as $67.95. On average, 10692670 shares of PG exchange hands on a given day and today's volume is recorded at 5145511.