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Monday, May 7, 2012

Upward Wedge Patterns Shown in Stocks: (HUBG), (ASCA), (LAZ), (JKE), (VCR)

Upward wedge patterns have been noticed on May 7 for the stocks Hub Group Inc, Ameristar Casinos Inc, Lazard Ltd, iShares Morningstar Large Growth Index, and Vanguard Consumer Discretionary 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 Hub Group Inc (HUBG) traded higher by 0.60% or $0.21/share to $35.07. In the past year, the shares have traded as low as $25.77 and as high as $40.16. On average, 202800 shares of HUBG exchange hands on a given day and today's volume is recorded at 78216.

Shares of Ameristar Casinos Inc (ASCA) traded higher by 0.52% or $0.10/share to $19.35. In the past year, the shares have traded as low as $14.42 and as high as $24.05. On average, 290670 shares of ASCA exchange hands on a given day and today's volume is recorded at 108486.

Shares of Lazard Ltd (LAZ) traded higher by 1.05% or $0.27/share to $25.89. In the past year, the shares have traded as low as $18.69 and as high as $39.66. On average, 1076750 shares of LAZ exchange hands on a given day and today's volume is recorded at 391323.

Shares of iShares Morningstar Large Growth Index (JKE) traded higher by 0.24% or $0.18/share to $75.25. In the past year, the shares have traded as low as $57.04 and as high as $78.31. On average, 41430 shares of JKE exchange hands on a given day and today's volume is recorded at 103713.

Shares of Vanguard Consumer Discretionary ETF (VCR) traded higher by 0.18% or $0.13/share to $71.55. In the past year, the shares have traded as low as $51.75 and as high as $73.72. On average, 57920 shares of VCR exchange hands on a given day and today's volume is recorded at 32942.