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Thursday, May 24, 2012

Stocks with Upward Wedge Patterns: (CVLT), (BMR), (AMSG), (CNW), (CBSH)

Upward wedge patterns have been noticed on May 24 for the stocks CommVault Systems, Inc, BioMed Realty Trust Inc, AmSurg Corp, Con-way Inc, and Commerce Bancshares, 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 CommVault Systems, Inc (CVLT) fell by 7.10% or $-3.80/share to $49.73. In the past year, the shares have traded as low as $30.97 and as high as $55.49. On average, 471380 shares of CVLT exchange hands on a given day and today's volume is recorded at 652200.

Shares of BioMed Realty Trust Inc (BMR) fell by 0.82% or $-0.15/share to $18.22. In the past year, the shares have traded as low as $14.44 and as high as $20.32. On average, 1768700 shares of BMR exchange hands on a given day and today's volume is recorded at 470921.

Shares of AmSurg Corp (AMSG) fell by 1.22% or $-0.34/share to $27.55. In the past year, the shares have traded as low as $19.08 and as high as $29.78. On average, 147480 shares of AMSG exchange hands on a given day and today's volume is recorded at 46597.

Shares of Con-way Inc (CNW) traded higher by 0.36% or $0.12/share to $33.34. In the past year, the shares have traded as low as $20.36 and as high as $41.79. On average, 808500 shares of CNW exchange hands on a given day and today's volume is recorded at 524831.

Shares of Commerce Bancshares, Inc (CBSH) fell by 0.44% or $-0.17/share to $38.67. In the past year, the shares have traded as low as $32.66 and as high as $43.20. On average, 388910 shares of CBSH exchange hands on a given day and today's volume is recorded at 125960.