Upward wedge patterns have been noticed on May 11 for the stocks iShares S&P 1500 Index, Vanguard REIT Index ETF, LaSalle Hotel Properties, iShares Russell Midcap Value Index, and Teekay Offshore Partners LP. 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 S&P 1500 Index (ISI) traded higher by 0.12% or $0.07/share to $61.77. In the past year, the shares have traded as low as $48.26 and as high as $64.61. On average, 14230 shares of ISI exchange hands on a given day and today's volume is recorded at 2167.
Shares of Vanguard REIT Index ETF (VNQ) traded higher by 0.21% or $0.14/share to $65.59. In the past year, the shares have traded as low as $46.21 and as high as $66.69. On average, 2157410 shares of VNQ exchange hands on a given day and today's volume is recorded at 1454270.
Shares of LaSalle Hotel Properties (LHO) fell by 0.17% or $-0.05/share to $28.81. In the past year, the shares have traded as low as $14.96 and as high as $30.46. On average, 779870 shares of LHO exchange hands on a given day and today's volume is recorded at 342526.
Shares of iShares Russell Midcap Value Index (IWS) traded higher by 0.13% or $0.06/share to $46.81. In the past year, the shares have traded as low as $35.83 and as high as $48.69. On average, 664540 shares of IWS exchange hands on a given day and today's volume is recorded at 589332.
Shares of Teekay Offshore Partners LP (TOO) fell by 0.75% or $-0.22/share to $28.95. In the past year, the shares have traded as low as $20.87 and as high as $29.79. On average, 121570 shares of TOO exchange hands on a given day and today's volume is recorded at 35476.
