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Thursday, July 12, 2012

Forming Upward Wedge Alert: (CB), (LL), (CBRL), (NEE), (WIA)

Upward wedge patterns have been noticed on July 12 for the stocks The Chubb Corporation, Lumber Liquidators Holdings, Inc, Cracker Barrel Old Country Store, Inc, NextEra Energy, Inc, and Western Asset/Claymore Inflation-Linked Securities & Income Fund. 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 The Chubb Corporation (CB) fell by 0.30% or $-0.21/share to $70.61. In the past year, the shares have traded as low as $54.09 and as high as $73.98. On average, 1569660 shares of CB exchange hands on a given day and today's volume is recorded at 1569371.

Shares of Lumber Liquidators Holdings, Inc (LL) traded higher by 2.03% or $0.66/share to $33.2. In the past year, the shares have traded as low as $13.43 and as high as $34.56. On average, 653600 shares of LL exchange hands on a given day and today's volume is recorded at 497280.

Shares of Cracker Barrel Old Country Store, Inc (CBRL) traded higher by 0.71% or $0.44/share to $62.52. In the past year, the shares have traded as low as $36.74 and as high as $63.58. On average, 223370 shares of CBRL exchange hands on a given day and today's volume is recorded at 89851.

Shares of NextEra Energy, Inc (NEE) traded higher by 0.07% or $0.05/share to $68.42. In the past year, the shares have traded as low as $47.11 and as high as $69.26. On average, 1941200 shares of NEE exchange hands on a given day and today's volume is recorded at 1268811.

Shares of Western Asset/Claymore Inflation-Linked Securities & Income Fund (WIA) fell by 0.15% or $-0.02/share to $13.13. In the past year, the shares have traded as low as $12.08 and as high as $13.32. On average, 63950 shares of WIA exchange hands on a given day and today's volume is recorded at 52516.