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Wednesday, May 23, 2012

Stocks with Upward Wedge Patterns: (AAT), (ICF), (ALL), (KOF), (BEAM)

Upward wedge patterns have been noticed on May 23 for the stocks American Assets Trust, Inc, iShares Cohen & Steers Realty Majors, The Allstate Corporation, Coca-Cola FEMSA S.A.B de C.V, and Beam, 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 American Assets Trust, Inc (AAT) fell by 2.50% or $-0.58/share to $22.45. In the past year, the shares have traded as low as $16.14 and as high as $24.27. On average, 147280 shares of AAT exchange hands on a given day and today's volume is recorded at 126412.

Shares of iShares Cohen & Steers Realty Majors (ICF) fell by 0.45% or $-0.34/share to $74.95. In the past year, the shares have traded as low as $55.91 and as high as $80.19. On average, 468610 shares of ICF exchange hands on a given day and today's volume is recorded at 538472.

Shares of The Allstate Corporation (ALL) traded higher by 0.11% or $0.04/share to $32.88. In the past year, the shares have traded as low as $21.93 and as high as $34.99. On average, 4396720 shares of ALL exchange hands on a given day and today's volume is recorded at 3348317.

Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) fell by 0.92% or $-1.01/share to $108.58. In the past year, the shares have traded as low as $83.21 and as high as $113.00. On average, 91760 shares of KOF exchange hands on a given day and today's volume is recorded at 97092.

Shares of Beam, Inc (BEAM) fell by 1.62% or $-0.92/share to $55.99. In the past year, the shares have traded as low as $41.83 and as high as $64.47. On average, 988810 shares of BEAM exchange hands on a given day and today's volume is recorded at 882282.