Upward wedge patterns have been noticed on June 11 for the stocks NetEase.com, Inc, MFA Financial, Inc, Essex Property Trust Inc, TW Telecom Inc, and PIMCO High Income Fund. 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 NetEase.com, Inc (NTES) fell by 0.46% or $-0.29/share to $62.33. In the past year, the shares have traded as low as $35.74 and as high as $65.54. On average, 726420 shares of NTES exchange hands on a given day and today's volume is recorded at 299742.
Shares of MFA Financial, Inc (MFA) fell by 0.26% or $-0.02/share to $7.68. In the past year, the shares have traded as low as $5.60 and as high as $7.83. On average, 3247830 shares of MFA exchange hands on a given day and today's volume is recorded at 1651911.
Shares of Essex Property Trust Inc (ESS) fell by 1.67% or $-2.56/share to $150.53. In the past year, the shares have traded as low as $109.61 and as high as $161.53. On average, 292500 shares of ESS exchange hands on a given day and today's volume is recorded at 87086.
Shares of TW Telecom Inc (TWTC) fell by 0.53% or $-0.13/share to $24.27. In the past year, the shares have traded as low as $15.42 and as high as $24.47. On average, 1079050 shares of TWTC exchange hands on a given day and today's volume is recorded at 547263.
Shares of PIMCO High Income Fund (PHK) traded higher by 0.20% or $0.03/share to $13.11. In the past year, the shares have traded as low as $9.66 and as high as $13.13. On average, 459460 shares of PHK exchange hands on a given day and today's volume is recorded at 216034.
