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Wednesday, September 12, 2012

Stocks with Upward Wedge Patterns: (EOI), (TJX), (XLY), (ACO), (BKT)

Upward wedge patterns have been noticed on September 12 for the stocks Eaton Vance Enhanced Equity Income Fund, The TJX Companies, Inc, Consumer Discret Select Sector SPDR, Amcol International Corp, and BlackRock Income Trust, 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 Eaton Vance Enhanced Equity Income Fund (EOI) traded higher by 0.26% or $0.03/share to $11.02. In the past year, the shares have traded as low as $8.30 and as high as $11.02. On average, 119350 shares of EOI exchange hands on a given day and today's volume is recorded at 108194.

Shares of The TJX Companies, Inc (TJX) traded higher by 0.04% or $0.02/share to $45.57. In the past year, the shares have traded as low as $25.19 and as high as $46.67. On average, 4826790 shares of TJX exchange hands on a given day and today's volume is recorded at 2871314.

Shares of Consumer Discret Select Sector SPDR (XLY) traded higher by 0.17% or $0.08/share to $46.77. In the past year, the shares have traded as low as $32.66 and as high as $46.99. On average, 5785680 shares of XLY exchange hands on a given day and today's volume is recorded at 3876825.

Shares of Amcol International Corp (ACO) traded higher by 1.26% or $0.41/share to $32.65. In the past year, the shares have traded as low as $21.07 and as high as $34.30. On average, 88060 shares of ACO exchange hands on a given day and today's volume is recorded at 81729.

Shares of BlackRock Income Trust, Inc (BKT) fell by 0.39% or $-0.03/share to $7.57. In the past year, the shares have traded as low as $6.60 and as high as $7.69. On average, 193450 shares of BKT exchange hands on a given day and today's volume is recorded at 162125.