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Thursday, May 3, 2012

Forming Upward Wedge Alert: (TOO), (HUBG), (WOR), (VCR), (CVLT)

Upward wedge patterns have been noticed on May 3 for the stocks Teekay Offshore Partners LP, Hub Group Inc, Worthington Industries, Inc, Vanguard Consumer Discretionary ETF, and CommVault Systems, 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 Teekay Offshore Partners LP (TOO) fell by 1.02% or $-0.30/share to $29.17. In the past year, the shares have traded as low as $20.87 and as high as $29.79. On average, 119210 shares of TOO exchange hands on a given day and today's volume is recorded at 91864.

Shares of Hub Group Inc (HUBG) fell by 1.03% or $-0.37/share to $35.64. In the past year, the shares have traded as low as $25.77 and as high as $40.16. On average, 205520 shares of HUBG exchange hands on a given day and today's volume is recorded at 153672.

Shares of Worthington Industries, Inc (WOR) fell by 0.67% or $-0.12/share to $17.72. In the past year, the shares have traded as low as $12.66 and as high as $23.22. On average, 580980 shares of WOR exchange hands on a given day and today's volume is recorded at 528049.

Shares of Vanguard Consumer Discretionary ETF (VCR) fell by 0.90% or $-0.66/share to $72.91. In the past year, the shares have traded as low as $51.75 and as high as $73.72. On average, 56650 shares of VCR exchange hands on a given day and today's volume is recorded at 95759.

Shares of CommVault Systems, Inc (CVLT) fell by 1.99% or $-1.07/share to $52.66. In the past year, the shares have traded as low as $30.97 and as high as $55.42. On average, 442740 shares of CVLT exchange hands on a given day and today's volume is recorded at 194215.