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Thursday, May 31, 2012

Stocks with Upward Wedge Patterns: (IYR), (KRC), (MDU), (NTK), (CASY)

Upward wedge patterns have been noticed on May 31 for the stocks iShares Dow Jones US Real Estate, Kilroy Realty Corp, MDU Resources Group Inc, Nortek Inc, and Casey's General Stores 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 iShares Dow Jones US Real Estate (IYR) traded higher by 0.44% or $0.27/share to $61.11. In the past year, the shares have traded as low as $45.81 and as high as $64.87. On average, 6353960 shares of IYR exchange hands on a given day and today's volume is recorded at 4635686.

Shares of Kilroy Realty Corp (KRC) traded higher by 0.04% or $0.02/share to $45.75. In the past year, the shares have traded as low as $27.87 and as high as $48.97. On average, 678670 shares of KRC exchange hands on a given day and today's volume is recorded at 360185.

Shares of MDU Resources Group Inc (MDU) traded higher by 0.27% or $0.06/share to $22.49. In the past year, the shares have traded as low as $17.72 and as high as $23.21. On average, 704500 shares of MDU exchange hands on a given day and today's volume is recorded at 468463.

Shares of Nortek Inc (NTK) fell by 0.08% or $-0.04/share to $47.47. In the past year, the shares have traded as low as $19.75 and as high as $58.38. On average, 42440 shares of NTK exchange hands on a given day and today's volume is recorded at 9409.

Shares of Casey's General Stores Inc (CASY) fell by 0.19% or $-0.11/share to $56.62. In the past year, the shares have traded as low as $38.74 and as high as $60.61. On average, 233480 shares of CASY exchange hands on a given day and today's volume is recorded at 94905.