Upward wedge patterns have been noticed on June 29 for the stocks Cato Corp, Western Asset/Claymore Inflation-Linked Securities & Income Fund, Stepan Company, PPG Industries Inc, and Universal Forest Products 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 Cato Corp (CATO) traded higher by 4.11% or $1.20/share to $30.42. In the past year, the shares have traded as low as $21.04 and as high as $30.60. On average, 141960 shares of CATO exchange hands on a given day and today's volume is recorded at 72255.
Shares of Western Asset/Claymore Inflation-Linked Securities & Income Fund (WIA) fell by 0.08% or $-0.01/share to $12.96. In the past year, the shares have traded as low as $12.08 and as high as $13.32. On average, 65580 shares of WIA exchange hands on a given day and today's volume is recorded at 54438.
Shares of Stepan Company (SCL) traded higher by 3.61% or $3.29/share to $94.31. In the past year, the shares have traded as low as $63.98 and as high as $94.48. On average, 37160 shares of SCL exchange hands on a given day and today's volume is recorded at 19185.
Shares of PPG Industries Inc (PPG) traded higher by 2.35% or $2.43/share to $105.93. In the past year, the shares have traded as low as $65.23 and as high as $107.36. On average, 1390800 shares of PPG exchange hands on a given day and today's volume is recorded at 393174.
Shares of Universal Forest Products Inc (UFPI) traded higher by 0.78% or $0.30/share to $39.0. In the past year, the shares have traded as low as $22.61 and as high as $39.04. On average, 112270 shares of UFPI exchange hands on a given day and today's volume is recorded at 72655.
