Upward wedge patterns have been noticed on August 22 for the stocks Eaton Vance Enhanced Equity Income Fund, FelCor Lodging Trust Inc, The Ultimate Software Group, Inc, BlackRock MuniVest Fund II, Inc, and First Trust Senior Floating Rat. 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 Eaton Vance Enhanced Equity Income Fund (EOI) fell by 1.00% or $-0.11/share to $10.89. In the past year, the shares have traded as low as $8.37 and as high as $11.05. On average, 117860 shares of EOI exchange hands on a given day and today's volume is recorded at 125015.
Shares of FelCor Lodging Trust Inc (FCH) traded higher by 1.05% or $0.05/share to $4.79. In the past year, the shares have traded as low as $1.91 and as high as $5.17. On average, 630440 shares of FCH exchange hands on a given day and today's volume is recorded at 221186.
Shares of The Ultimate Software Group, Inc (ULTI) traded higher by 0.68% or $0.65/share to $95.91. In the past year, the shares have traded as low as $44.90 and as high as $99.09. On average, 177150 shares of ULTI exchange hands on a given day and today's volume is recorded at 93781.
Shares of BlackRock MuniVest Fund II, Inc (MVT) fell by 0.87% or $-0.15/share to $17.0. In the past year, the shares have traded as low as $13.43 and as high as $17.59. On average, 40350 shares of MVT exchange hands on a given day and today's volume is recorded at 82567.
Shares of First Trust Senior Floating Rat (FCT) fell by 0.59% or $-0.09/share to $15.16. In the past year, the shares have traded as low as $11.37 and as high as $15.40. On average, 72170 shares of FCT exchange hands on a given day and today's volume is recorded at 71875.
