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Thursday, May 10, 2012

Bearish Wedge Pattern Detected: (HSNI), (CASY), (IYY), (KOF), (DD)

Upward wedge patterns have been noticed on May 10 for the stocks HSN, Inc, Casey's General Stores Inc, iShares Dow Jones U.S. Index, Coca-Cola FEMSA S.A.B de C.V, and E. I. du Pont de Nemours and Company. 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 HSN, Inc (HSNI) traded higher by 0.85% or $0.31/share to $36.8. In the past year, the shares have traded as low as $27.36 and as high as $40.00. On average, 432060 shares of HSNI exchange hands on a given day and today's volume is recorded at 407165.

Shares of Casey's General Stores Inc (CASY) traded higher by 0.64% or $0.38/share to $59.78. In the past year, the shares have traded as low as $38.28 and as high as $60.06. On average, 206450 shares of CASY exchange hands on a given day and today's volume is recorded at 172345.

Shares of iShares Dow Jones U.S. Index (IYY) traded higher by 0.56% or $0.38/share to $68.5. In the past year, the shares have traded as low as $53.01 and as high as $71.49. On average, 62820 shares of IYY exchange hands on a given day and today's volume is recorded at 18572.

Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) traded higher by 0.85% or $0.92/share to $109.29. In the past year, the shares have traded as low as $83.21 and as high as $108.92. On average, 87950 shares of KOF exchange hands on a given day and today's volume is recorded at 44673.

Shares of E. I. du Pont de Nemours and Company (DD) traded higher by 0.08% or $0.04/share to $52.13. In the past year, the shares have traded as low as $36.48 and as high as $54.76. On average, 5182820 shares of DD exchange hands on a given day and today's volume is recorded at 2825477.