Upward wedge patterns have been noticed on May 8 for the stocks Vanguard REIT Index ETF, BlackRock Income Trust, Inc, ProShares Ultra S&P500, Gazit-Globe, Ltd, and Endurance Specialty Holdings Ltd. 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 Vanguard REIT Index ETF (VNQ) fell by 0.17% or $-0.11/share to $65.62. In the past year, the shares have traded as low as $46.21 and as high as $66.69. On average, 2128500 shares of VNQ exchange hands on a given day and today's volume is recorded at 1295017.
Shares of BlackRock Income Trust, Inc (BKT) fell by 0.53% or $-0.04/share to $7.5. In the past year, the shares have traded as low as $6.35 and as high as $7.60. On average, 154160 shares of BKT exchange hands on a given day and today's volume is recorded at 131419.
Shares of ProShares Ultra S&P500 (SSO) fell by 0.96% or $-0.53/share to $54.62. In the past year, the shares have traded as low as $34.09 and as high as $59.56. On average, 7464530 shares of SSO exchange hands on a given day and today's volume is recorded at 7891047.
Shares of Gazit-Globe, Ltd (GZT) fell by 0.29% or $-0.03/share to $10.33. In the past year, the shares have traded as low as $8.41 and as high as $11.07. On average, 17650 shares of GZT exchange hands on a given day and today's volume is recorded at 10787.
Shares of Endurance Specialty Holdings Ltd (ENH) fell by 0.81% or $-0.33/share to $40.23. In the past year, the shares have traded as low as $31.16 and as high as $42.70. On average, 292410 shares of ENH exchange hands on a given day and today's volume is recorded at 241178.
