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Monday, July 2, 2012

Upward Wedge Patterns Shown in Stocks: (NEE), (WSBC), (CATO), (AVB), (ACAS)

Upward wedge patterns have been noticed on July 2 for the stocks NextEra Energy, Inc, WesBanco Inc, Cato Corp, Avalonbay Communities Inc, and American Capital, 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 NextEra Energy, Inc (NEE) traded higher by 0.03% or $0.02/share to $68.83. In the past year, the shares have traded as low as $47.11 and as high as $68.96. On average, 2039170 shares of NEE exchange hands on a given day and today's volume is recorded at 1125433.

Shares of WesBanco Inc (WSBC) traded higher by 2.02% or $0.43/share to $21.69. In the past year, the shares have traded as low as $15.66 and as high as $21.54. On average, 59140 shares of WSBC exchange hands on a given day and today's volume is recorded at 23614.

Shares of Cato Corp (CATO) traded higher by 1.53% or $0.47/share to $30.92. In the past year, the shares have traded as low as $21.04 and as high as $30.86. On average, 142300 shares of CATO exchange hands on a given day and today's volume is recorded at 63540.

Shares of Avalonbay Communities Inc (AVB) traded higher by 1.27% or $1.80/share to $143.28. In the past year, the shares have traded as low as $105.32 and as high as $148.34. On average, 649670 shares of AVB exchange hands on a given day and today's volume is recorded at 396943.

Shares of American Capital, Ltd (ACAS) traded higher by 0.70% or $0.07/share to $10.13. In the past year, the shares have traded as low as $5.98 and as high as $10.29. On average, 3518060 shares of ACAS exchange hands on a given day and today's volume is recorded at 1776054.