Upward wedge patterns have been noticed on August 21 for the stocks CenterPoint Energy, Inc, Nuveen Insured Premium Income Municipal Fund 2, Nuveen New Jersey Investment Quality Municipal Fund, Inc, Ariad Pharmaceuticals Inc, and Eaton Vance Municipal Income Trust. 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) remained unchanged at $20.43. In the past year, the shares have traded as low as $17.53 and as high as $21.23. On average, 3250410 shares of CNP exchange hands on a given day and today's volume is recorded at 3394151.
Shares of Nuveen Insured Premium Income Municipal Fund 2 (NPX) fell by 1.06% or $-0.16/share to $14.91. In the past year, the shares have traded as low as $11.63 and as high as $15.12. On average, 90990 shares of NPX exchange hands on a given day and today's volume is recorded at 98385.
Shares of Nuveen New Jersey Investment Quality Municipal Fund, Inc (NQJ) traded higher by 0.32% or $0.05/share to $15.82. In the past year, the shares have traded as low as $12.36 and as high as $16.02. On average, 28110 shares of NQJ exchange hands on a given day and today's volume is recorded at 39219.
Shares of Ariad Pharmaceuticals Inc (ARIA) fell by 1.43% or $-0.28/share to $19.26. In the past year, the shares have traded as low as $7.72 and as high as $20.05. On average, 2615850 shares of ARIA exchange hands on a given day and today's volume is recorded at 1856999.
Shares of Eaton Vance Municipal Income Trust (EVN) fell by 0.57% or $-0.08/share to $13.97. In the past year, the shares have traded as low as $10.66 and as high as $14.17. On average, 55610 shares of EVN exchange hands on a given day and today's volume is recorded at 62854.
