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Friday, July 27, 2012

Stocks with Upward Wedge Patterns: (CNP), (SYA), (TCBI), (APOG), (ATHN)

Upward wedge patterns have been noticed on July 27 for the stocks CenterPoint Energy, Inc, Symetra Financial Corporation, Texas Capital BancShares Inc, Apogee Enterprises, Inc, and athenahealth, 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 CenterPoint Energy, Inc (CNP) traded higher by 1.39% or $0.29/share to $21.18. In the past year, the shares have traded as low as $16.41 and as high as $21.18. On average, 3784340 shares of CNP exchange hands on a given day and today's volume is recorded at 4041157.

Shares of Symetra Financial Corporation (SYA) traded higher by 2.98% or $0.34/share to $11.74. In the past year, the shares have traded as low as $7.41 and as high as $12.67. On average, 393750 shares of SYA exchange hands on a given day and today's volume is recorded at 200235.

Shares of Texas Capital BancShares Inc (TCBI) traded higher by 6.88% or $2.82/share to $43.83. In the past year, the shares have traded as low as $21.39 and as high as $43.79. On average, 443030 shares of TCBI exchange hands on a given day and today's volume is recorded at 2258576.

Shares of Apogee Enterprises, Inc (APOG) traded higher by 0.74% or $0.12/share to $16.42. In the past year, the shares have traded as low as $7.60 and as high as $17.20. On average, 195200 shares of APOG exchange hands on a given day and today's volume is recorded at 137366.

Shares of athenahealth, Inc (ATHN) traded higher by 2.37% or $2.17/share to $93.57. In the past year, the shares have traded as low as $40.79 and as high as $97.25. On average, 511510 shares of ATHN exchange hands on a given day and today's volume is recorded at 384683.