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Wednesday, May 16, 2012

Bearish Technical Upward Wedge: (TTEK), (FR), (KXI), (ABM), (INTC)

Upward wedge patterns have been noticed on May 16 for the stocks Tetra Tech Inc, First Industrial Realty Trust Inc, iShares S&P Global Consumer Staples, ABM Industries Inc, and Intel Corporation. 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 Tetra Tech Inc (TTEK) traded higher by 0.76% or $0.20/share to $26.62. In the past year, the shares have traded as low as $17.31 and as high as $28.00. On average, 389680 shares of TTEK exchange hands on a given day and today's volume is recorded at 250970.

Shares of First Industrial Realty Trust Inc (FR) fell by 0.76% or $-0.09/share to $11.75. In the past year, the shares have traded as low as $7.15 and as high as $12.76. On average, 603180 shares of FR exchange hands on a given day and today's volume is recorded at 209983.

Shares of iShares S&P Global Consumer Staples (KXI) fell by 0.18% or $-0.13/share to $69.38. In the past year, the shares have traded as low as $56.40 and as high as $71.76. On average, 61470 shares of KXI exchange hands on a given day and today's volume is recorded at 45673.

Shares of ABM Industries Inc (ABM) traded higher by 1.49% or $0.34/share to $23.09. In the past year, the shares have traded as low as $16.93 and as high as $24.46. On average, 278600 shares of ABM exchange hands on a given day and today's volume is recorded at 192743.

Shares of Intel Corporation (INTC) fell by 0.74% or $-0.20/share to $26.68. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 37237530 shares of INTC exchange hands on a given day and today's volume is recorded at 32779590.