Upward wedge patterns have been noticed on May 9 for the stocks Rydex S&P Midcap 400 Pure Growth, Teekay Offshore Partners LP, ICU Medical, Inc, iShares Russell 3000 Index, and Teledyne Technologies 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 Rydex S&P Midcap 400 Pure Growth (RFG) fell by 0.24% or $-0.21/share to $86.6. In the past year, the shares have traded as low as $67.94 and as high as $92.60. On average, 50470 shares of RFG exchange hands on a given day and today's volume is recorded at 105139.
Shares of Teekay Offshore Partners LP (TOO) fell by 1.13% or $-0.33/share to $28.87. In the past year, the shares have traded as low as $20.87 and as high as $29.79. On average, 121960 shares of TOO exchange hands on a given day and today's volume is recorded at 55895.
Shares of ICU Medical, Inc (ICUI) fell by 0.04% or $-0.02/share to $52.82. In the past year, the shares have traded as low as $35.58 and as high as $52.98. On average, 76950 shares of ICUI exchange hands on a given day and today's volume is recorded at 65243.
Shares of iShares Russell 3000 Index (IWV) fell by 0.53% or $-0.43/share to $80.38. In the past year, the shares have traded as low as $62.44 and as high as $84.22. On average, 223630 shares of IWV exchange hands on a given day and today's volume is recorded at 173820.
Shares of Teledyne Technologies Inc (TDY) fell by 0.52% or $-0.32/share to $60.96. In the past year, the shares have traded as low as $43.82 and as high as $66.29. On average, 163920 shares of TDY exchange hands on a given day and today's volume is recorded at 103030.
