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Thursday, July 12, 2012

Upward Wedge Patterns Shown in Stocks: (ARIA), (LBY), (PDCO), (HSIC), (CNL)

Upward wedge patterns have been noticed on July 12 for the stocks Ariad Pharmaceuticals Inc, Libbey Inc, Patterson Companies Inc, Henry Schein, Inc, and Cleco Corporation. 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 Ariad Pharmaceuticals Inc (ARIA) traded higher by 1.64% or $0.28/share to $17.39. In the past year, the shares have traded as low as $7.55 and as high as $18.33. On average, 3350650 shares of ARIA exchange hands on a given day and today's volume is recorded at 2296761.

Shares of Libbey Inc (LBY) traded higher by 1.40% or $0.21/share to $15.18. In the past year, the shares have traded as low as $9.45 and as high as $16.79. On average, 76610 shares of LBY exchange hands on a given day and today's volume is recorded at 47130.

Shares of Patterson Companies Inc (PDCO) fell by 1.75% or $-0.61/share to $34.25. In the past year, the shares have traded as low as $25.76 and as high as $35.52. On average, 648990 shares of PDCO exchange hands on a given day and today's volume is recorded at 584380.

Shares of Henry Schein, Inc (HSIC) fell by 2.33% or $-1.83/share to $76.72. In the past year, the shares have traded as low as $58.50 and as high as $80.38. On average, 535920 shares of HSIC exchange hands on a given day and today's volume is recorded at 874743.

Shares of Cleco Corporation (CNL) traded higher by 0.42% or $0.18/share to $43.22. In the past year, the shares have traded as low as $29.34 and as high as $43.18. On average, 394170 shares of CNL exchange hands on a given day and today's volume is recorded at 231117.