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Sunday, May 13, 2012

Forming Upward Wedge Alert: (ICUI), (BKT), (IYR), (NRT), (BBL)

Upward wedge patterns have been noticed on May 13 for the stocks ICU Medical, Inc, BlackRock Income Trust, Inc, iShares Dow Jones US Real Estate, North European Oil Royalty Trust, and BHP Billiton plc. 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 ICU Medical, Inc (ICUI) fell by 0.22% or $-0.12/share to $53.81. In the past year, the shares have traded as low as $35.58 and as high as $53.93. On average, 81440 shares of ICUI exchange hands on a given day and today's volume is recorded at 84870.

Shares of BlackRock Income Trust, Inc (BKT) remained unchanged at $7.54. In the past year, the shares have traded as low as $6.40 and as high as $7.60. On average, 149490 shares of BKT exchange hands on a given day and today's volume is recorded at 58927.

Shares of iShares Dow Jones US Real Estate (IYR) traded higher by 0.42% or $0.27/share to $64.02. In the past year, the shares have traded as low as $45.81 and as high as $64.87. On average, 5910610 shares of IYR exchange hands on a given day and today's volume is recorded at 5601680.

Shares of North European Oil Royalty Trust (NRT) fell by 1.55% or $-0.52/share to $33.06. In the past year, the shares have traded as low as $27.31 and as high as $33.58. On average, 10750 shares of NRT exchange hands on a given day and today's volume is recorded at 4608.

Shares of BHP Billiton plc (BBL) fell by 2.20% or $-1.33/share to $59.07. In the past year, the shares have traded as low as $49.08 and as high as $78.30. On average, 1018440 shares of BBL exchange hands on a given day and today's volume is recorded at 1235449.