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Tuesday, May 1, 2012

Upward Wedge Patterns Shown in Stocks: (IWZ), (HUBG), (HTLF), (RFG), (DCOM)

Upward wedge patterns have been noticed on May 1 for the stocks iShares Russell 3000 Growth Index, Hub Group Inc, Heartland Financial USA Inc, Rydex S&P Midcap 400 Pure Growth, and Dime Community 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 iShares Russell 3000 Growth Index (IWZ) traded higher by 0.67% or $0.36/share to $54.09. In the past year, the shares have traded as low as $40.33 and as high as $54.44. On average, 33610 shares of IWZ exchange hands on a given day and today's volume is recorded at 96182.

Shares of Hub Group Inc (HUBG) traded higher by 2.03% or $0.71/share to $35.71. In the past year, the shares have traded as low as $25.77 and as high as $40.46. On average, 209380 shares of HUBG exchange hands on a given day and today's volume is recorded at 87541.

Shares of Heartland Financial USA Inc (HTLF) traded higher by 4.86% or $0.90/share to $19.42. In the past year, the shares have traded as low as $12.05 and as high as $18.75. On average, 18390 shares of HTLF exchange hands on a given day and today's volume is recorded at 26823.

Shares of Rydex S&P Midcap 400 Pure Growth (RFG) traded higher by 0.96% or $0.86/share to $90.77. In the past year, the shares have traded as low as $67.94 and as high as $92.59. On average, 51240 shares of RFG exchange hands on a given day and today's volume is recorded at 22772.

Shares of Dime Community Bancshares Inc (DCOM) fell by 0.29% or $-0.04/share to $13.82. In the past year, the shares have traded as low as $9.40 and as high as $15.01. On average, 103030 shares of DCOM exchange hands on a given day and today's volume is recorded at 74891.