Upward wedge patterns have been noticed on July 4 for the stocks Mondi Limited, Cracker Barrel Old Country Store, Inc, Stepan Company, Universal Forest Products Inc, and Everest Re Group Ltd. 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 Mondi Limited (MODL) traded higher by 8.43% or $1.09/share to $14.02. In the past year, the shares have traded as low as $6.21 and as high as $14.20. On average, 235860 shares of MODL exchange hands on a given day and today's volume is recorded at 14466309.
Shares of Cracker Barrel Old Country Store, Inc (CBRL) fell by 0.29% or $-0.18/share to $62.6. In the past year, the shares have traded as low as $36.74 and as high as $63.14. On average, 230300 shares of CBRL exchange hands on a given day and today's volume is recorded at 77653.
Shares of Stepan Company (SCL) fell by 0.14% or $-0.13/share to $94.3. In the past year, the shares have traded as low as $63.98 and as high as $94.77. On average, 37570 shares of SCL exchange hands on a given day and today's volume is recorded at 30638.
Shares of Universal Forest Products Inc (UFPI) traded higher by 0.72% or $0.28/share to $39.38. In the past year, the shares have traded as low as $22.61 and as high as $39.62. On average, 113300 shares of UFPI exchange hands on a given day and today's volume is recorded at 34402.
Shares of Everest Re Group Ltd (RE) traded higher by 1.14% or $1.20/share to $106.18. In the past year, the shares have traded as low as $71.75 and as high as $106.44. On average, 478740 shares of RE exchange hands on a given day and today's volume is recorded at 178940.
