Upward wedge patterns have been noticed on June 7 for the stocks Redwood Trust Inc, PIMCO High Income Fund, NextEra Energy, Inc, Measurement Specialties Inc, and iShares Dow Jones US Real Estate. 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 Redwood Trust Inc (RWT) fell by 0.41% or $-0.05/share to $12.12. In the past year, the shares have traded as low as $9.31 and as high as $14.42. On average, 485250 shares of RWT exchange hands on a given day and today's volume is recorded at 244471.
Shares of PIMCO High Income Fund (PHK) fell by 0.76% or $-0.10/share to $13.03. In the past year, the shares have traded as low as $9.74 and as high as $13.25. On average, 464570 shares of PHK exchange hands on a given day and today's volume is recorded at 316593.
Shares of NextEra Energy, Inc (NEE) traded higher by 1.02% or $0.67/share to $66.33. In the past year, the shares have traded as low as $47.11 and as high as $65.80. On average, 2032380 shares of NEE exchange hands on a given day and today's volume is recorded at 1161465.
Shares of Measurement Specialties Inc (MEAS) fell by 0.12% or $-0.04/share to $32.46. In the past year, the shares have traded as low as $23.55 and as high as $37.10. On average, 44340 shares of MEAS exchange hands on a given day and today's volume is recorded at 19176.
Shares of iShares Dow Jones US Real Estate (IYR) fell by 0.02% or $-0.01/share to $61.7. In the past year, the shares have traded as low as $45.81 and as high as $64.87. On average, 6610400 shares of IYR exchange hands on a given day and today's volume is recorded at 6140685.
