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Sunday, May 6, 2012

Stocks with Upward Wedge Patterns: (SCBT), (SCL), (DD), (GZT), (VTI)

Upward wedge patterns have been noticed on May 6 for the stocks SCBT Financial Corp, Stepan Company, E. I. du Pont de Nemours and Company, Gazit-Globe, Ltd, and Vanguard Total Stock Market ETF. 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 SCBT Financial Corp (SCBT) fell by 1.93% or $-0.64/share to $32.59. In the past year, the shares have traded as low as $23.76 and as high as $34.89. On average, 31160 shares of SCBT exchange hands on a given day and today's volume is recorded at 52582.

Shares of Stepan Company (SCL) fell by 2.27% or $-2.05/share to $88.45. In the past year, the shares have traded as low as $61.98 and as high as $93.43. On average, 29900 shares of SCL exchange hands on a given day and today's volume is recorded at 35832.

Shares of E. I. du Pont de Nemours and Company (DD) fell by 0.69% or $-0.37/share to $52.89. In the past year, the shares have traded as low as $36.48 and as high as $54.76. On average, 5122300 shares of DD exchange hands on a given day and today's volume is recorded at 5164329.

Shares of Gazit-Globe, Ltd (GZT) fell by 1.06% or $-0.11/share to $10.3. In the past year, the shares have traded as low as $8.41 and as high as $11.07. On average, 18020 shares of GZT exchange hands on a given day and today's volume is recorded at 5221.

Shares of Vanguard Total Stock Market ETF (VTI) fell by 1.67% or $-1.19/share to $70.28. In the past year, the shares have traded as low as $54.04 and as high as $73.06. On average, 1825620 shares of VTI exchange hands on a given day and today's volume is recorded at 1768914.