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Wednesday, July 4, 2012

Bearish Upward Wedge Detected: (CSU), (NEE), (MCK), (WIA), (PDCO)

Upward wedge patterns have been noticed on July 4 for the stocks Capital Senior Living Corp, NextEra Energy, Inc, McKesson Corporation, Western Asset/Claymore Inflation-Linked Securities & Income Fund, and Patterson Companies 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 Capital Senior Living Corp (CSU) traded higher by 1.16% or $0.13/share to $11.38. In the past year, the shares have traded as low as $5.44 and as high as $11.26. On average, 126270 shares of CSU exchange hands on a given day and today's volume is recorded at 169599.

Shares of NextEra Energy, Inc (NEE) fell by 0.39% or $-0.27/share to $68.57. In the past year, the shares have traded as low as $47.11 and as high as $69.26. On average, 2028410 shares of NEE exchange hands on a given day and today's volume is recorded at 801827.

Shares of McKesson Corporation (MCK) traded higher by 0.67% or $0.64/share to $95.67. In the past year, the shares have traded as low as $66.13 and as high as $95.29. On average, 1865630 shares of MCK exchange hands on a given day and today's volume is recorded at 779494.

Shares of Western Asset/Claymore Inflation-Linked Securities & Income Fund (WIA) traded higher by 0.54% or $0.07/share to $13.05. In the past year, the shares have traded as low as $12.08 and as high as $13.32. On average, 65970 shares of WIA exchange hands on a given day and today's volume is recorded at 28186.

Shares of Patterson Companies Inc (PDCO) traded higher by 0.80% or $0.28/share to $35.17. In the past year, the shares have traded as low as $25.86 and as high as $35.06. On average, 653630 shares of PDCO exchange hands on a given day and today's volume is recorded at 960812.