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Wednesday, September 19, 2012

Upward Wedge Patterns Shown in Stocks: (WIA), (SYA), (DIA), (BIIB), (SBAC)

Upward wedge patterns have been noticed on September 19 for the stocks Western Asset/Claymore Inflation-Linked Securities & Income Fund, Symetra Financial Corporation, SPDR Dow Jones Industrial Average, Biogen Idec Inc, and SBA Communications Corp. 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 Western Asset/Claymore Inflation-Linked Securities & Income Fund (WIA) traded higher by 0.69% or $0.09/share to $13.17. In the past year, the shares have traded as low as $12.00 and as high as $13.23. On average, 66380 shares of WIA exchange hands on a given day and today's volume is recorded at 69817.

Shares of Symetra Financial Corporation (SYA) fell by 0.23% or $-0.03/share to $13.16. In the past year, the shares have traded as low as $7.37 and as high as $13.51. On average, 297260 shares of SYA exchange hands on a given day and today's volume is recorded at 99260.

Shares of SPDR Dow Jones Industrial Average (DIA) traded higher by 0.24% or $0.33/share to $135.94. In the past year, the shares have traded as low as $101.44 and as high as $136.49. On average, 4678180 shares of DIA exchange hands on a given day and today's volume is recorded at 2653295.

Shares of Biogen Idec Inc (BIIB) fell by 0.30% or $-0.47/share to $155.33. In the past year, the shares have traded as low as $87.72 and as high as $156.52. On average, 918520 shares of BIIB exchange hands on a given day and today's volume is recorded at 769043.

Shares of SBA Communications Corp (SBAC) traded higher by 0.94% or $0.57/share to $60.99. In the past year, the shares have traded as low as $32.36 and as high as $61.84. On average, 1498490 shares of SBAC exchange hands on a given day and today's volume is recorded at 1083042.