Upward wedge patterns have been noticed on May 1 for the stocks Kulicke & Soffa Industries Inc, Teekay Offshore Partners LP, Archer Daniels Midland Company, Consumer Discret Select Sector SPDR, and Simon Property Group 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 Kulicke & Soffa Industries Inc (KLIC) fell by 1.15% or $-0.15/share to $12.95. In the past year, the shares have traded as low as $6.71 and as high as $13.39. On average, 789330 shares of KLIC exchange hands on a given day and today's volume is recorded at 2037779.
Shares of Teekay Offshore Partners LP (TOO) traded higher by 1.19% or $0.35/share to $29.76. In the past year, the shares have traded as low as $20.87 and as high as $29.61. On average, 119470 shares of TOO exchange hands on a given day and today's volume is recorded at 135356.
Shares of Archer Daniels Midland Company (ADM) traded higher by 6.81% or $2.10/share to $32.93. In the past year, the shares have traded as low as $23.42 and as high as $36.46. On average, 4521120 shares of ADM exchange hands on a given day and today's volume is recorded at 9103878.
Shares of Consumer Discret Select Sector SPDR (XLY) traded higher by 1.18% or $0.54/share to $46.15. In the past year, the shares have traded as low as $32.78 and as high as $46.08. On average, 5675350 shares of XLY exchange hands on a given day and today's volume is recorded at 5861865.
Shares of Simon Property Group Inc (SPG) traded higher by 1.56% or $2.43/share to $158.03. In the past year, the shares have traded as low as $97.53 and as high as $155.93. On average, 1483930 shares of SPG exchange hands on a given day and today's volume is recorded at 965778.
