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Friday, August 24, 2012

Bearish Upward Wedge Detected: (SDY), (HNZ), (FCT), (IART), (SYA)

Upward wedge patterns have been noticed on August 24 for the stocks SPDR S&P Dividend, H. J. Heinz Company, First Trust Senior Floating Rat, Integra LifeSciences Holdings Corporation, and Symetra Financial 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 SPDR S&P Dividend (SDY) traded higher by 0.49% or $0.28/share to $57.27. In the past year, the shares have traded as low as $45.12 and as high as $57.90. On average, 974490 shares of SDY exchange hands on a given day and today's volume is recorded at 529620.

Shares of H. J. Heinz Company (HNZ) traded higher by 1.37% or $0.76/share to $56.27. In the past year, the shares have traded as low as $47.22 and as high as $56.00. On average, 1916010 shares of HNZ exchange hands on a given day and today's volume is recorded at 1513345.

Shares of First Trust Senior Floating Rat (FCT) fell by 0.13% or $-0.02/share to $15.11. In the past year, the shares have traded as low as $11.42 and as high as $15.40. On average, 73080 shares of FCT exchange hands on a given day and today's volume is recorded at 84077.

Shares of Integra LifeSciences Holdings Corporation (IART) traded higher by 0.35% or $0.14/share to $39.6. In the past year, the shares have traded as low as $23.09 and as high as $40.78. On average, 153690 shares of IART exchange hands on a given day and today's volume is recorded at 154099.

Shares of Symetra Financial Corporation (SYA) traded higher by 0.98% or $0.12/share to $12.42. In the past year, the shares have traded as low as $7.37 and as high as $12.74. On average, 335850 shares of SYA exchange hands on a given day and today's volume is recorded at 159170.