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Friday, May 25, 2012

Upward Wedge Patterns Shown in Stocks: (PFE), (SCBT), (SUSQ), (XRS), (MBG)

Upward wedge patterns have been noticed on May 25 for the stocks Pfizer Inc, SCBT Financial Corp, Susquehanna Bancshares, Inc, TAL Education Group, and SPDR Barclays Cap Mortgage Backed Bond. 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 Pfizer Inc (PFE) fell by 0.18% or $-0.04/share to $22.1. In the past year, the shares have traded as low as $16.14 and as high as $23.07. On average, 38396800 shares of PFE exchange hands on a given day and today's volume is recorded at 13873226.

Shares of SCBT Financial Corp (SCBT) fell by 0.09% or $-0.03/share to $32.92. In the past year, the shares have traded as low as $23.63 and as high as $34.70. On average, 33320 shares of SCBT exchange hands on a given day and today's volume is recorded at 10554.

Shares of Susquehanna Bancshares, Inc (SUSQ) fell by 0.82% or $-0.08/share to $9.71. In the past year, the shares have traded as low as $5.14 and as high as $10.64. On average, 1864840 shares of SUSQ exchange hands on a given day and today's volume is recorded at 577368.

Shares of TAL Education Group (XRS) traded higher by 0.83% or $0.09/share to $10.92. In the past year, the shares have traded as low as $8.41 and as high as $13.75. On average, 29830 shares of XRS exchange hands on a given day and today's volume is recorded at 2760.

Shares of SPDR Barclays Cap Mortgage Backed Bond (MBG) fell by 0.07% or $-0.02/share to $27.61. In the past year, the shares have traded as low as $26.32 and as high as $28.94. On average, 15500 shares of MBG exchange hands on a given day and today's volume is recorded at 19600.