Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, June 28, 2012

Forming Upward Wedge Alert: (LNT), (PHII), (O), (SBSI), (WIA)

Upward wedge patterns have been noticed on June 28 for the stocks Alliant Energy Corporation, PHI Inc, Realty Income Corp, Southside Bancshares Inc, and Western Asset/Claymore Inflation-Linked Securities & 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 Alliant Energy Corporation (LNT) fell by 0.38% or $-0.17/share to $44.75. In the past year, the shares have traded as low as $32.88 and as high as $46.00. On average, 693400 shares of LNT exchange hands on a given day and today's volume is recorded at 199392.

Shares of PHI Inc (PHII) traded higher by 0.24% or $0.06/share to $24.92. In the past year, the shares have traded as low as $16.95 and as high as $26.36. On average, 1730 shares of PHII exchange hands on a given day and today's volume is recorded at 200.

Shares of Realty Income Corp (O) traded higher by 0.37% or $0.15/share to $40.86. In the past year, the shares have traded as low as $26.83 and as high as $40.81. On average, 682390 shares of O exchange hands on a given day and today's volume is recorded at 348791.

Shares of Southside Bancshares Inc (SBSI) traded higher by 0.28% or $0.06/share to $21.81. In the past year, the shares have traded as low as $16.20 and as high as $21.86. On average, 54880 shares of SBSI exchange hands on a given day and today's volume is recorded at 40796.

Shares of Western Asset/Claymore Inflation-Linked Securities & Income Fund (WIA) fell by 0.03% or $-0.00/share to $12.98. In the past year, the shares have traded as low as $12.09 and as high as $13.32. On average, 65140 shares of WIA exchange hands on a given day and today's volume is recorded at 31152.