Upward wedge patterns have been noticed on May 8 for the stocks BHP Billiton plc, LaSalle Hotel Properties, Rydex S&P Midcap 400 Pure Growth, GlaxoSmithKline plc, and CommVault Systems, 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 BHP Billiton plc (BBL) fell by 1.78% or $-1.10/share to $60.58. In the past year, the shares have traded as low as $49.08 and as high as $78.30. On average, 1033450 shares of BBL exchange hands on a given day and today's volume is recorded at 684287.
Shares of LaSalle Hotel Properties (LHO) traded higher by 0.27% or $0.08/share to $29.11. In the past year, the shares have traded as low as $14.96 and as high as $30.46. On average, 786100 shares of LHO exchange hands on a given day and today's volume is recorded at 383421.
Shares of Rydex S&P Midcap 400 Pure Growth (RFG) fell by 0.45% or $-0.39/share to $86.77. In the past year, the shares have traded as low as $67.94 and as high as $92.59. On average, 49810 shares of RFG exchange hands on a given day and today's volume is recorded at 76255.
Shares of GlaxoSmithKline plc (GSK) fell by 0.21% or $-0.10/share to $46.47. In the past year, the shares have traded as low as $37.59 and as high as $47.48. On average, 2241770 shares of GSK exchange hands on a given day and today's volume is recorded at 1543000.
Shares of CommVault Systems, Inc (CVLT) traded higher by 4.16% or $2.11/share to $52.83. In the past year, the shares have traded as low as $30.97 and as high as $55.42. On average, 436550 shares of CVLT exchange hands on a given day and today's volume is recorded at 1184892.
