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Sunday, May 6, 2012

Forming Upward Wedge Alert: (HTLF), (KOF), (IWF), (EWY), (IVW)

Upward wedge patterns have been noticed on May 6 for the stocks Heartland Financial USA Inc, Coca-Cola FEMSA S.A.B de C.V, iShares Russell 1000 Growth Index, iShares MSCI South Korea Index, and iShares S&P 500 Growth Index. 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 Heartland Financial USA Inc (HTLF) fell by 1.13% or $-0.22/share to $19.33. In the past year, the shares have traded as low as $12.05 and as high as $19.92. On average, 19350 shares of HTLF exchange hands on a given day and today's volume is recorded at 27252.

Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) fell by 0.66% or $-0.70/share to $105.77. In the past year, the shares have traded as low as $83.21 and as high as $108.88. On average, 87110 shares of KOF exchange hands on a given day and today's volume is recorded at 64999.

Shares of iShares Russell 1000 Growth Index (IWF) fell by 1.81% or $-1.19/share to $64.49. In the past year, the shares have traded as low as $49.61 and as high as $66.84. On average, 2139000 shares of IWF exchange hands on a given day and today's volume is recorded at 2244783.

Shares of iShares MSCI South Korea Index (EWY) fell by 1.95% or $-1.16/share to $58.34. In the past year, the shares have traded as low as $44.33 and as high as $67.52. On average, 2220610 shares of EWY exchange hands on a given day and today's volume is recorded at 4090497.

Shares of iShares S&P 500 Growth Index (IVW) fell by 1.62% or $-1.22/share to $73.91. In the past year, the shares have traded as low as $57.87 and as high as $76.20. On average, 529070 shares of IVW exchange hands on a given day and today's volume is recorded at 316055.