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Wednesday, June 6, 2012

Upward Wedge Patterns Shown in Stocks: (PFS), (MFA), (SCL), (HSNI), (MEAS)

Upward wedge patterns have been noticed on June 6 for the stocks Provident Financial Services, Inc, MFA Financial, Inc, Stepan Company, HSN, Inc, and Measurement Specialties 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 Provident Financial Services, Inc (PFS) traded higher by 1.58% or $0.22/share to $14.0. In the past year, the shares have traded as low as $9.85 and as high as $15.10. On average, 233190 shares of PFS exchange hands on a given day and today's volume is recorded at 114904.

Shares of MFA Financial, Inc (MFA) traded higher by 1.31% or $0.10/share to $7.76. In the past year, the shares have traded as low as $5.60 and as high as $7.82. On average, 3232460 shares of MFA exchange hands on a given day and today's volume is recorded at 2202758.

Shares of Stepan Company (SCL) traded higher by 2.83% or $2.53/share to $92.0. In the past year, the shares have traded as low as $61.79 and as high as $93.15. On average, 31520 shares of SCL exchange hands on a given day and today's volume is recorded at 50701.

Shares of HSN, Inc (HSNI) traded higher by 2.75% or $1.07/share to $40.04. In the past year, the shares have traded as low as $27.27 and as high as $40.16. On average, 404940 shares of HSNI exchange hands on a given day and today's volume is recorded at 221306.

Shares of Measurement Specialties Inc (MEAS) fell by 0.77% or $-0.25/share to $32.25. In the past year, the shares have traded as low as $23.55 and as high as $37.10. On average, 44290 shares of MEAS exchange hands on a given day and today's volume is recorded at 15429.