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Tuesday, June 5, 2012

Forming Upward Wedge Alert: (DPS), (KOF), (BRO), (NTK), (AFSI)

Upward wedge patterns have been noticed on June 5 for the stocks Dr Pepper Snapple Group, Inc, Coca-Cola FEMSA S.A.B de C.V, Brown & Brown Inc, Nortek Inc, and AmTrust Financial Services, 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 Dr Pepper Snapple Group, Inc (DPS) traded higher by 0.15% or $0.06/share to $40.89. In the past year, the shares have traded as low as $33.50 and as high as $42.05. On average, 2310080 shares of DPS exchange hands on a given day and today's volume is recorded at 691776.

Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) fell by 1.42% or $-1.70/share to $117.85. In the past year, the shares have traded as low as $81.65 and as high as $119.77. On average, 116330 shares of KOF exchange hands on a given day and today's volume is recorded at 234857.

Shares of Brown & Brown Inc (BRO) traded higher by 0.68% or $0.17/share to $25.27. In the past year, the shares have traded as low as $16.59 and as high as $27.23. On average, 923650 shares of BRO exchange hands on a given day and today's volume is recorded at 553484.

Shares of Nortek Inc (NTK) fell by 0.17% or $-0.08/share to $47.77. In the past year, the shares have traded as low as $19.75 and as high as $58.38. On average, 42730 shares of NTK exchange hands on a given day and today's volume is recorded at 27118.

Shares of AmTrust Financial Services, Inc (AFSI) traded higher by 0.07% or $0.02/share to $29.55. In the past year, the shares have traded as low as $20.08 and as high as $29.60. On average, 260410 shares of AFSI exchange hands on a given day and today's volume is recorded at 242237.