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Monday, May 21, 2012

Forming Upward Wedge Alert: (TEG), (SNTS), (LHO), (GGP), (TTEK)

Upward wedge patterns have been noticed on May 21 for the stocks Integrys Energy Group, Inc, Santarus, Inc, LaSalle Hotel Properties, General Growth Properties Inc, and Tetra Tech 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 Integrys Energy Group, Inc (TEG) traded higher by 0.19% or $0.10/share to $53.31. In the past year, the shares have traded as low as $41.06 and as high as $55.15. On average, 477060 shares of TEG exchange hands on a given day and today's volume is recorded at 271719.

Shares of Santarus, Inc (SNTS) traded higher by 3.19% or $0.18/share to $5.82. In the past year, the shares have traded as low as $2.40 and as high as $6.60. On average, 430710 shares of SNTS exchange hands on a given day and today's volume is recorded at 242603.

Shares of LaSalle Hotel Properties (LHO) traded higher by 2.41% or $0.63/share to $26.73. In the past year, the shares have traded as low as $14.96 and as high as $30.46. On average, 803310 shares of LHO exchange hands on a given day and today's volume is recorded at 456476.

Shares of General Growth Properties Inc (GGP) traded higher by 2.39% or $0.39/share to $16.68. In the past year, the shares have traded as low as $10.46 and as high as $18.44. On average, 3472980 shares of GGP exchange hands on a given day and today's volume is recorded at 2386872.

Shares of Tetra Tech Inc (TTEK) traded higher by 0.27% or $0.07/share to $25.75. In the past year, the shares have traded as low as $17.31 and as high as $28.00. On average, 405550 shares of TTEK exchange hands on a given day and today's volume is recorded at 197294.