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Tuesday, May 1, 2012

Forming Upward Wedge Alert: (VUG), (IWF), (O), (VCR), (GBCI)

Upward wedge patterns have been noticed on May 1 for the stocks Vanguard Growth ETF, iShares Russell 1000 Growth Index, Realty Income Corp, Vanguard Consumer Discretionary ETF, and Glacier Bancorp 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 Vanguard Growth ETF (VUG) traded higher by 0.85% or $0.60/share to $71.36. In the past year, the shares have traded as low as $52.75 and as high as $71.83. On average, 511440 shares of VUG exchange hands on a given day and today's volume is recorded at 312133.

Shares of iShares Russell 1000 Growth Index (IWF) traded higher by 0.77% or $0.51/share to $66.51. In the past year, the shares have traded as low as $49.60 and as high as $66.84. On average, 2262520 shares of IWF exchange hands on a given day and today's volume is recorded at 1176036.

Shares of Realty Income Corp (O) traded higher by 0.86% or $0.34/share to $39.68. In the past year, the shares have traded as low as $26.92 and as high as $39.51. On average, 636160 shares of O exchange hands on a given day and today's volume is recorded at 323610.

Shares of Vanguard Consumer Discretionary ETF (VCR) traded higher by 1.03% or $0.75/share to $73.47. In the past year, the shares have traded as low as $51.75 and as high as $73.41. On average, 56090 shares of VCR exchange hands on a given day and today's volume is recorded at 94889.

Shares of Glacier Bancorp Inc (GBCI) traded higher by 2.28% or $0.34/share to $15.24. In the past year, the shares have traded as low as $8.67 and as high as $15.59. On average, 379050 shares of GBCI exchange hands on a given day and today's volume is recorded at 315892.