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Thursday, May 10, 2012

Upward Wedge Patterns Shown in Stocks: (ENH), (SNTS), (SSO), (O), (MSG)

Upward wedge patterns have been noticed on May 10 for the stocks Endurance Specialty Holdings Ltd, Santarus, Inc, ProShares Ultra S&P500, Realty Income Corp, and The Madison Square Garden Company. 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 Endurance Specialty Holdings Ltd (ENH) traded higher by 0.47% or $0.19/share to $40.55. In the past year, the shares have traded as low as $31.16 and as high as $42.70. On average, 291790 shares of ENH exchange hands on a given day and today's volume is recorded at 74346.

Shares of Santarus, Inc (SNTS) traded higher by 2.54% or $0.16/share to $6.46. In the past year, the shares have traded as low as $2.40 and as high as $6.50. On average, 396930 shares of SNTS exchange hands on a given day and today's volume is recorded at 456248.

Shares of ProShares Ultra S&P500 (SSO) traded higher by 0.96% or $0.52/share to $54.57. In the past year, the shares have traded as low as $34.09 and as high as $59.56. On average, 7545920 shares of SSO exchange hands on a given day and today's volume is recorded at 4598564.

Shares of Realty Income Corp (O) traded higher by 0.59% or $0.23/share to $39.48. In the past year, the shares have traded as low as $26.92 and as high as $39.82. On average, 639450 shares of O exchange hands on a given day and today's volume is recorded at 354942.

Shares of The Madison Square Garden Company (MSG) traded higher by 1.64% or $0.62/share to $38.51. In the past year, the shares have traded as low as $21.12 and as high as $38.90. On average, 386540 shares of MSG exchange hands on a given day and today's volume is recorded at 103996.