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Wednesday, July 4, 2012

Upward Wedge Patterns Shown in Stocks: (SBSI), (PPG), (CATO), (PHII), (CYMI)

Upward wedge patterns have been noticed on July 4 for the stocks Southside Bancshares Inc, PPG Industries Inc, Cato Corp, PHI Inc, and Cymer 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 Southside Bancshares Inc (SBSI) traded higher by 0.09% or $0.02/share to $22.58. In the past year, the shares have traded as low as $16.20 and as high as $22.71. On average, 55480 shares of SBSI exchange hands on a given day and today's volume is recorded at 43962.

Shares of PPG Industries Inc (PPG) traded higher by 0.17% or $0.18/share to $104.88. In the past year, the shares have traded as low as $65.23 and as high as $107.36. On average, 1378070 shares of PPG exchange hands on a given day and today's volume is recorded at 545034.

Shares of Cato Corp (CATO) traded higher by 1.41% or $0.44/share to $31.71. In the past year, the shares have traded as low as $21.04 and as high as $31.29. On average, 142770 shares of CATO exchange hands on a given day and today's volume is recorded at 106161.

Shares of PHI Inc (PHII) traded higher by 1.84% or $0.49/share to $27.09. In the past year, the shares have traded as low as $16.95 and as high as $26.60. On average, 1700 shares of PHII exchange hands on a given day and today's volume is recorded at 250.

Shares of Cymer Inc (CYMI) traded higher by 1.06% or $0.63/share to $60.0. In the past year, the shares have traded as low as $34.57 and as high as $59.40. On average, 355810 shares of CYMI exchange hands on a given day and today's volume is recorded at 143533.