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Sunday, July 15, 2012

Forming Upward Wedge Alert: (NEE), (MSEX), (PRE), (EVN), (BKT)

Upward wedge patterns have been noticed on July 15 for the stocks NextEra Energy, Inc, Middlesex Water Co, PartnerRe Ltd, Eaton Vance Municipal Income Trust, and BlackRock Income Trust, 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 NextEra Energy, Inc (NEE) traded higher by 1.33% or $0.91/share to $69.33. In the past year, the shares have traded as low as $47.11 and as high as $69.26. On average, 1932850 shares of NEE exchange hands on a given day and today's volume is recorded at 1438391.

Shares of Middlesex Water Co (MSEX) traded higher by 1.11% or $0.21/share to $19.2. In the past year, the shares have traded as low as $16.02 and as high as $19.38. On average, 30000 shares of MSEX exchange hands on a given day and today's volume is recorded at 29095.

Shares of PartnerRe Ltd (PRE) traded higher by 0.97% or $0.72/share to $75.04. In the past year, the shares have traded as low as $48.82 and as high as $76.88. On average, 512289 shares of PRE exchange hands on a given day and today's volume is recorded at 272214.

Shares of Eaton Vance Municipal Income Trust (EVN) traded higher by 0.87% or $0.12/share to $13.99. In the past year, the shares have traded as low as $10.24 and as high as $14.04. On average, 51520 shares of EVN exchange hands on a given day and today's volume is recorded at 27705.

Shares of BlackRock Income Trust, Inc (BKT) traded higher by 0.40% or $0.03/share to $7.58. In the past year, the shares have traded as low as $6.54 and as high as $7.62. On average, 148150 shares of BKT exchange hands on a given day and today's volume is recorded at 296392.