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Thursday, May 17, 2012

Bearish Wedge Pattern Detected: (SCL), (CVLT), (SUSQ), (DRE), (MVC)

Upward wedge patterns have been noticed on May 17 for the stocks Stepan Company, CommVault Systems, Inc, Susquehanna Bancshares, Inc, Duke Realty Corp, and MVC Capital, 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 Stepan Company (SCL) traded higher by 0.29% or $0.26/share to $90.06. In the past year, the shares have traded as low as $61.99 and as high as $93.43. On average, 31690 shares of SCL exchange hands on a given day and today's volume is recorded at 29864.

Shares of CommVault Systems, Inc (CVLT) fell by 0.96% or $-0.50/share to $51.78. In the past year, the shares have traded as low as $30.97 and as high as $55.49. On average, 461110 shares of CVLT exchange hands on a given day and today's volume is recorded at 119965.

Shares of Susquehanna Bancshares, Inc (SUSQ) fell by 1.22% or $-0.12/share to $9.72. In the past year, the shares have traded as low as $5.14 and as high as $10.64. On average, 1935260 shares of SUSQ exchange hands on a given day and today's volume is recorded at 862503.

Shares of Duke Realty Corp (DRE) fell by 2.92% or $-0.41/share to $13.63. In the past year, the shares have traded as low as $8.94 and as high as $15.14. On average, 2828090 shares of DRE exchange hands on a given day and today's volume is recorded at 1602611.

Shares of MVC Capital, Inc (MVC) fell by 0.71% or $-0.09/share to $12.58. In the past year, the shares have traded as low as $9.73 and as high as $13.31. On average, 55830 shares of MVC exchange hands on a given day and today's volume is recorded at 7358.