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Thursday, June 7, 2012

Forming Upward Wedge Alert: (ALEX), (PKO), (XRS), (AFSI), (HSNI)

Upward wedge patterns have been noticed on June 7 for the stocks Alexander & Baldwin, Inc, Pimco Income Opportunity Fund C, TAL Education Group, AmTrust Financial Services, Inc, and HSN, Inc. 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 Alexander & Baldwin, Inc (ALEX) traded higher by 0.98% or $0.50/share to $51.62. In the past year, the shares have traded as low as $32.48 and as high as $52.79. On average, 285640 shares of ALEX exchange hands on a given day and today's volume is recorded at 119561.

Shares of Pimco Income Opportunity Fund C (PKO) fell by 1.02% or $-0.27/share to $26.1. In the past year, the shares have traded as low as $22.25 and as high as $26.88. On average, 46530 shares of PKO exchange hands on a given day and today's volume is recorded at 35768.

Shares of TAL Education Group (XRS) traded higher by 2.55% or $0.27/share to $10.87. In the past year, the shares have traded as low as $8.41 and as high as $13.75. On average, 26380 shares of XRS exchange hands on a given day and today's volume is recorded at 8056.

Shares of AmTrust Financial Services, Inc (AFSI) remained unchanged at $30.25. In the past year, the shares have traded as low as $20.08 and as high as $30.27. On average, 259050 shares of AFSI exchange hands on a given day and today's volume is recorded at 189701.

Shares of HSN, Inc (HSNI) traded higher by 0.27% or $0.11/share to $40.25. In the past year, the shares have traded as low as $27.27 and as high as $40.40. On average, 405790 shares of HSNI exchange hands on a given day and today's volume is recorded at 205340.