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Thursday, May 31, 2012

Upward Wedge Patterns Shown in Stocks: (SCL), (AAT), (HSNI), (TEG), (HBAN)

Upward wedge patterns have been noticed on May 31 for the stocks Stepan Company, American Assets Trust, Inc, HSN, Inc, Integrys Energy Group, Inc, and Huntington Bancshares Incorporated. 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 Stepan Company (SCL) traded higher by 0.99% or $0.90/share to $91.55. In the past year, the shares have traded as low as $61.80 and as high as $93.14. On average, 31180 shares of SCL exchange hands on a given day and today's volume is recorded at 12425.

Shares of American Assets Trust, Inc (AAT) fell by 0.66% or $-0.15/share to $22.61. In the past year, the shares have traded as low as $16.14 and as high as $24.27. On average, 144260 shares of AAT exchange hands on a given day and today's volume is recorded at 105252.

Shares of HSN, Inc (HSNI) fell by 0.77% or $-0.30/share to $38.84. In the past year, the shares have traded as low as $27.36 and as high as $40.29. On average, 400560 shares of HSNI exchange hands on a given day and today's volume is recorded at 325614.

Shares of Integrys Energy Group, Inc (TEG) traded higher by 1.37% or $0.73/share to $54.2. In the past year, the shares have traded as low as $40.56 and as high as $54.55. On average, 477660 shares of TEG exchange hands on a given day and today's volume is recorded at 316382.

Shares of Huntington Bancshares Incorporated (HBAN) traded higher by 0.54% or $0.03/share to $6.47. In the past year, the shares have traded as low as $4.37 and as high as $6.83. On average, 12605520 shares of HBAN exchange hands on a given day and today's volume is recorded at 7132934.