Upward wedge patterns have been noticed on June 4 for the stocks Redwood Trust Inc, Copart, Inc, PIMCO High Income Fund, iShares Dow Jones US Real Estate, and TW Telecom 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 Redwood Trust Inc (RWT) fell by 0.34% or $-0.04/share to $11.9. In the past year, the shares have traded as low as $9.31 and as high as $14.42. On average, 485490 shares of RWT exchange hands on a given day and today's volume is recorded at 365819.
Shares of Copart, Inc (CPRT) fell by 2.00% or $-0.52/share to $25.42. In the past year, the shares have traded as low as $17.87 and as high as $27.88. On average, 540890 shares of CPRT exchange hands on a given day and today's volume is recorded at 605944.
Shares of PIMCO High Income Fund (PHK) traded higher by 0.59% or $0.08/share to $13.09. In the past year, the shares have traded as low as $9.74 and as high as $13.27. On average, 469150 shares of PHK exchange hands on a given day and today's volume is recorded at 353948.
Shares of iShares Dow Jones US Real Estate (IYR) fell by 0.77% or $-0.46/share to $59.21. In the past year, the shares have traded as low as $45.81 and as high as $64.87. On average, 6432160 shares of IYR exchange hands on a given day and today's volume is recorded at 5598507.
Shares of TW Telecom Inc (TWTC) fell by 0.18% or $-0.04/share to $22.62. In the past year, the shares have traded as low as $15.42 and as high as $23.79. On average, 1030079 shares of TWTC exchange hands on a given day and today's volume is recorded at 784309.
