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Sunday, May 13, 2012

Stocks with Upward Wedge Patterns: (IWV), (SCBT), (SNTS), (THR), (IWF)

Upward wedge patterns have been noticed on May 13 for the stocks iShares Russell 3000 Index, SCBT Financial Corp, Santarus, Inc, Thermon Group Holdings, Inc, and iShares Russell 1000 Growth Index. 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 iShares Russell 3000 Index (IWV) fell by 0.29% or $-0.23/share to $80.25. In the past year, the shares have traded as low as $62.44 and as high as $84.22. On average, 225050 shares of IWV exchange hands on a given day and today's volume is recorded at 72525.

Shares of SCBT Financial Corp (SCBT) fell by 1.87% or $-0.61/share to $32.09. In the past year, the shares have traded as low as $23.76 and as high as $34.89. On average, 32250 shares of SCBT exchange hands on a given day and today's volume is recorded at 27152.

Shares of Santarus, Inc (SNTS) traded higher by 1.55% or $0.10/share to $6.56. In the past year, the shares have traded as low as $2.40 and as high as $6.50. On average, 400870 shares of SNTS exchange hands on a given day and today's volume is recorded at 534687.

Shares of Thermon Group Holdings, Inc (THR) fell by 1.54% or $-0.33/share to $21.07. In the past year, the shares have traded as low as $11.05 and as high as $23.17. On average, 113790 shares of THR exchange hands on a given day and today's volume is recorded at 83823.

Shares of iShares Russell 1000 Growth Index (IWF) fell by 0.09% or $-0.06/share to $63.81. In the past year, the shares have traded as low as $49.61 and as high as $66.84. On average, 2133540 shares of IWF exchange hands on a given day and today's volume is recorded at 1156715.