Upward wedge patterns have been noticed on May 13 for the stocks iShares Russell Midcap Value Index, Intel Corporation, iShares S&P 500 Growth Index, Teekay Offshore Partners LP, and Stepan 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 iShares Russell Midcap Value Index (IWS) fell by 0.06% or $-0.03/share to $46.72. In the past year, the shares have traded as low as $35.83 and as high as $48.69. On average, 664540 shares of IWS exchange hands on a given day and today's volume is recorded at 693688.
Shares of Intel Corporation (INTC) traded higher by 1.43% or $0.39/share to $27.63. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 36848110 shares of INTC exchange hands on a given day and today's volume is recorded at 34919636.
Shares of iShares S&P 500 Growth Index (IVW) fell by 0.07% or $-0.05/share to $73.2. In the past year, the shares have traded as low as $57.87 and as high as $76.20. On average, 533200 shares of IVW exchange hands on a given day and today's volume is recorded at 473022.
Shares of Teekay Offshore Partners LP (TOO) fell by 0.75% or $-0.22/share to $28.95. In the past year, the shares have traded as low as $20.87 and as high as $29.79. On average, 121570 shares of TOO exchange hands on a given day and today's volume is recorded at 41693.
Shares of Stepan Company (SCL) traded higher by 0.67% or $0.60/share to $90.59. In the past year, the shares have traded as low as $61.98 and as high as $93.43. On average, 31170 shares of SCL exchange hands on a given day and today's volume is recorded at 30097.
