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Sunday, April 29, 2012

Upward Wedge Patterns Shown in Stocks: (DIA), (VUG), (SMS), (IWZ), (CNW)

Upward wedge patterns have been noticed on April 29 for the stocks SPDR Dow Jones Industrial Average, Vanguard Growth ETF, Sims Metal Management Limited, iShares Russell 3000 Growth Index, and Con-way 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) traded higher by 0.11% or $0.15/share to $132.0. In the past year, the shares have traded as low as $102.40 and as high as $132.53. On average, 6366040 shares of DIA exchange hands on a given day and today's volume is recorded at 3507925.

Shares of Vanguard Growth ETF (VUG) traded higher by 0.44% or $0.31/share to $71.17. In the past year, the shares have traded as low as $52.75 and as high as $71.83. On average, 511900 shares of VUG exchange hands on a given day and today's volume is recorded at 388967.

Shares of Sims Metal Management Limited (SMS) traded higher by 0.20% or $0.03/share to $14.93. In the past year, the shares have traded as low as $10.55 and as high as $19.26. On average, 73310 shares of SMS exchange hands on a given day and today's volume is recorded at 17608.

Shares of iShares Russell 3000 Growth Index (IWZ) traded higher by 0.48% or $0.26/share to $54.0. In the past year, the shares have traded as low as $40.33 and as high as $54.44. On average, 36920 shares of IWZ exchange hands on a given day and today's volume is recorded at 7502.

Shares of Con-way Inc (CNW) traded higher by 1.01% or $0.33/share to $32.88. In the past year, the shares have traded as low as $20.42 and as high as $41.91. On average, 706980 shares of CNW exchange hands on a given day and today's volume is recorded at 655661.