{"id":21895,"date":"2012-03-01T10:00:00","date_gmt":"2012-03-01T10:00:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/these-stocks-are-forming-a-rising-wedge-bearish-on-mar-1\/21894\/"},"modified":"2012-03-01T10:00:00","modified_gmt":"2012-03-01T10:00:00","slug":"these-stocks-are-forming-a-rising-wedge-bearish-on-mar-1","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/these-stocks-are-forming-a-rising-wedge-bearish-on-mar-1\/21895\/","title":{"rendered":"These Stocks are Forming a Rising Wedge (Bearish) on Mar-1"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p>An <b><a href=\"https:\/\/thestockmarketwatch.com\/learn-stock-market\/wedge-pattern-2\/\">upward wedge<\/a><\/b> has formed in the following stocks.This is a <b>bearish pattern<\/b> found when the price moves higher but the trading range narrows.<\/p>\n<p><b>Intel Corporation<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=INTC\">(NASDAQ:INTC)<\/a>  is currently trading at $26.88. INTC is trading <span style=\"color:green\">4.72%<\/span> above  its 50 day moving average and <span style=\"color:green\">17.26%<\/span> above  its 200 day moving average. INTC is <span style=\"color:red\">-2.25%<\/span> below its 52-week high and <span style=\"color:green\">43.71%<\/span> above  its 52-week low. INTC&#8217;s PE ratio is 11.20 and their market cap is $134.29B. <\/p>\n<p>Intel Corporation is a semiconductor chip maker, which develops advanced integrated digital technology products, mainly integrated circuits, for industries such as computing and communications.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><b>British American Tobacco plc<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BTI\">(NYSE:BTI)<\/a>  is currently trading at $101.28. BTI&#8217;s RSI is currently at 71.60 which indicates that the stock is overbought. BTI is trading <span style=\"color:green\">6.70%<\/span> above  its 50 day moving average and <span style=\"color:green\">11.90%<\/span> above  its 200 day moving average. BTI is <span style=\"color:red\">-0.03%<\/span> below its 52-week high and <span style=\"color:green\">39.73%<\/span> above  its 52-week low. BTI&#8217;s PE ratio is 20.42 and their market cap is $99.72B. <\/p>\n<p>British American Tobacco PLC is a holding company that owns, directly or indirectly investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall.<\/p>\n<p><b>Unilever NV<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=UN\">(NYSE:UN)<\/a>  is currently trading at $33.31. UN is trading <span style=\"color:green\">0.20%<\/span> above  its 50 day moving average and <span style=\"color:green\">3.16%<\/span> above  its 200 day moving average. UN is <span style=\"color:red\">-4.36%<\/span> below its 52-week high and <span style=\"color:green\">19.75%<\/span> above  its 52-week low. UN&#8217;s PE ratio is 16.91 and their market cap is $93.41B. <\/p>\n<p><b>Diageo plc<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=DEO\">(NYSE:DEO)<\/a>  is currently trading at $95.56. DEO is trading <span style=\"color:green\">6.90%<\/span> above  its 50 day moving average and <span style=\"color:green\">15.97%<\/span> above  its 200 day moving average. DEO is <span style=\"color:red\">-0.21%<\/span> below its 52-week high and <span style=\"color:green\">36.96%<\/span> above  its 52-week low. DEO&#8217;s PE ratio is 22.64 and their market cap is $59.79B. <\/p>\n<p>Diageo PLC is engaged in premium drink business with a collection of international brands. It brings together world-class brands and a management team committed to the maximisation of shareholder value.<\/p>\n<p><b>Syngenta AG<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SYT\">(NYSE:SYT)<\/a>  is currently trading at $65.34. SYT is trading <span style=\"color:green\">6.57%<\/span> above  its 50 day moving average and <span style=\"color:green\">6.51%<\/span> above  its 200 day moving average. SYT is <span style=\"color:red\">-9.09%<\/span> below its 52-week high and <span style=\"color:green\">32.99%<\/span> above  its 52-week low. SYT&#8217;s PE ratio is 18.94 and their market cap is $30.63B. <\/p>\n<p>Syngenta AG is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality.<\/p>\n<p><b>The TJX Companies Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TJX\">(NYSE:TJX)<\/a>  is currently trading at $36.61. TJX&#8217;s RSI is currently at 72.79 which indicates that the stock is overbought. TJX is trading <span style=\"color:green\">9.31%<\/span> above  its 50 day moving average and <span style=\"color:green\">25.81%<\/span> above  its 200 day moving average. TJX is <span style=\"color:red\">-1.05%<\/span> below its 52-week high and <span style=\"color:green\">53.77%<\/span> above  its 52-week low. TJX&#8217;s PE ratio is 18.87 and their market cap is $27.61B. <\/p>\n<p>The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and worldwide. It operates seven off-price retail concepts in the U.S., Canada and Europe.<\/p>\n<p><b>Hitachi Ltd.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=HIT\">(NYSE:HIT)<\/a>  is currently trading at $58.27. HIT is trading <span style=\"color:green\">6.21%<\/span> above  its 50 day moving average and <span style=\"color:green\">6.10%<\/span> above  its 200 day moving average. HIT is <span style=\"color:red\">-10.75%<\/span> below its 52-week high and <span style=\"color:green\">29.43%<\/span> above  its 52-week low. HIT&#8217;s PE ratio is 21.99 and their market cap is $26.33B. <\/p>\n<p>Hitachi, Ltd. provides information and telecommunication systems, electronic devices, power and industrial systems, digital media and consumer products, high functional materials and components, and financial services and logistics services.<\/p>\n<p><b>American Tower Corporation<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AMT\">(NYSE:AMT)<\/a>  is currently trading at $62.58. AMT is trading <span style=\"color:green\">1.11%<\/span> above  its 50 day moving average and <span style=\"color:green\">12.05%<\/span> above  its 200 day moving average. AMT is <span style=\"color:red\">-3.05%<\/span> below its 52-week high and <span style=\"color:green\">36.49%<\/span> above  its 52-week low. AMT&#8217;s PE ratio is 63.86 and their market cap is $24.63B. <\/p>\n<p>American Tower Corporation is a wireless and broadcast communications infrastructure co. that develops, owns, and operates communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system.<\/p>\n<p><b>Precision Castparts Corp.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PCP\">(NYSE:PCP)<\/a>  is currently trading at $167.43. PCP is trading <span style=\"color:red\">-0.55%<\/span> below its 50 day moving average and <span style=\"color:green\">3.91%<\/span> above  its 200 day moving average. PCP is <span style=\"color:red\">-6.71%<\/span> below its 52-week high and <span style=\"color:green\">23.18%<\/span> above  its 52-week low. PCP&#8217;s PE ratio is 20.98 and their market cap is $24.30B. <\/p>\n<p>Precision Castparts Corp. is a manufacturer of complex metal components and products, provides high-quality investment castings, forgings and fasteners\/fastener systems for critical aerospace and industrial gas turbine applications.<\/p>\n<p><b>Continental Resources Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CLR\">(NYSE:CLR)<\/a>  is currently trading at $90.68. CLR is trading <span style=\"color:green\">17.29%<\/span> above  its 50 day moving average and <span style=\"color:green\">40.14%<\/span> above  its 200 day moving average. CLR is <span style=\"color:red\">-6.70%<\/span> below its 52-week high and <span style=\"color:green\">113.72%<\/span> above  its 52-week low. CLR&#8217;s PE ratio is 38.75 and their market cap is $16.37B. <\/p>\n<p>Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.<\/p>\n<p><b>Ecolab Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ECL\">(NYSE:ECL)<\/a>  is currently trading at $60.00. ECL is trading <span style=\"color:green\">0.59%<\/span> above  its 50 day moving average and <span style=\"color:green\">10.84%<\/span> above  its 200 day moving average. ECL is <span style=\"color:red\">-4.55%<\/span> below its 52-week high and <span style=\"color:green\">37.94%<\/span> above  its 52-week low. ECL&#8217;s PE ratio is 28.04 and their market cap is $13.93B. <\/p>\n<p>Ecolab, Inc. develops and markets premium products and services for the hospitality, foodservice, healthcare and industrial markets. It provides cleaning and sanitizing products and programs, pest elimination, maintenance and repair services.<\/p>\n<p><b>Edison International<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=EIX\">(NYSE:EIX)<\/a>  is currently trading at $41.87. EIX is trading <span style=\"color:green\">2.62%<\/span> above  its 50 day moving average and <span style=\"color:green\">8.84%<\/span> above  its 200 day moving average. EIX is <span style=\"color:red\">-1.34%<\/span> below its 52-week high and <span style=\"color:green\">30.39%<\/span> above  its 52-week low. EIX&#8217;s PE ratio is 14.19 and their market cap is $13.64B. <\/p>\n<p>Edison International through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy.<\/p>\n<p><b>Joy Global Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=JOY\">(NYSE:JOY)<\/a>  is currently trading at $86.96. JOY is trading <span style=\"color:green\">2.93%<\/span> above  its 50 day moving average and <span style=\"color:green\">3.55%<\/span> above  its 200 day moving average. JOY is <span style=\"color:red\">-15.42%<\/span> below its 52-week high and <span style=\"color:green\">51.58%<\/span> above  its 52-week low. JOY&#8217;s PE ratio is 14.69 and their market cap is $9.31B. <\/p>\n<p>Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The equipment is used in the mining regions globally to mine coal, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/copper-price.aspx\">copper<\/a>, iron ore, oil sands, and other minerals.<\/p>\n<p><b>Lincoln National Corp.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=LNC\">(NYSE:LNC)<\/a>  is currently trading at $24.84. LNC is trading <span style=\"color:green\">13.07%<\/span> above  its 50 day moving average and <span style=\"color:green\">12.53%<\/span> above  its 200 day moving average. LNC is <span style=\"color:red\">-22.62%<\/span> below its 52-week high and <span style=\"color:green\">82.02%<\/span> above  its 52-week low. LNC&#8217;s PE ratio is 30.67 and their market cap is $7.24B. <\/p>\n<p>Lincoln National Corp. operates multiple insurance and investment management businesses. It sells a range of wealth protection, accumulation and retirement income products and solutions.<\/p>\n<p><b>Verisk Analytics Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=VRSK\">(NASDAQ:VRSK)<\/a>  is currently trading at $43.50. VRSK&#8217;s RSI is currently at 75.48 which indicates that the stock is overbought. VRSK is trading <span style=\"color:green\">8.14%<\/span> above  its 50 day moving average and <span style=\"color:green\">20.69%<\/span> above  its 200 day moving average. VRSK is <span style=\"color:green\">2.26%<\/span> above  its 52-week high and <span style=\"color:green\">41.42%<\/span> above  its 52-week low. VRSK&#8217;s PE ratio is 28.43 and their market cap is $7.11B. <\/p>\n<p>Verisk Analytics, Inc. and its consolidated subsidiaries enable risk-bearing businesses to better understand and manage risks.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/bkcc-dsw-td-arb-dividend-stocks-update\/21971\"><br \/>\nBKCC, DSW, TD, ARB Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/bkcc-dsw-td-arb-dividend-stocks-update-2\/21973\"><br \/>\nBKCC, DSW, TD, ARB Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/nhs-giy-box-evm-eiv-dividend-stocks-update\/21967\"><br \/>\nNHS, GIY, BOX, EVM, EIV Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/nhs-giy-box-evm-eiv-dividend-stocks-update\/21968\"><br \/>\nNHS, GIY, BOX, EVM, EIV Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/trending-stocks\/t-cmcsa-m-znga-cx-are-stocks-trending-up\/21963\"><br \/>\nT, CMCSA, M, ZNGA, CX are Stocks Trending Up<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/trending-stocks\/t-cmcsa-m-znga-cx-are-stocks-trending-up\/21964\"><br \/>\nT, CMCSA, M, ZNGA, CX are Stocks Trending Up<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/52-week-highs\/spy-msft-qqq-gps-aapl-hit-new-52-week-highs\/21961\"><br \/>\nSPY, MSFT, QQQ, GPS, AAPL Hit New 52-Week Highs<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/3.jpg\" alt=\"Alex Fredricks\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Alex Fredricks <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Alex Fredricks has a degree in business and is an avid day-trader.  Alex&#8217;s experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>An upward wedge has formed in the following stocks.This is a bearish pattern found when the price moves higher but [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[2056,2095,31,2209,65,2234,426,2487,444,2488,917,2489,1254,1912,1917,2044],"class_list":["post-21895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-peix","tag-clro","tag-intc","tag-rising-wedge","tag-amt","tag-adeona-pharmaceuticals-amexaen","tag-hitt","tag-bti","tag-pcp","tag-syt","tag-lnc","tag-vrsk","tag-tjx","tag-continuing-a-test-of-congestion-support-in-the-2-00-area-yields-have-moved-sideways-during-the-last-two-weeks-following-the-sharp-decline-at-the-end-of-october-although-the-congestion-support-near","tag-and-have-some-understanding-of-taxes-but-there-are-retail-and-institutional-mlp-investors-that-dont-know-much-about-them","tag-and-enjoys-sharing-his-experiences-with-anyone-who-is-interested"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/21895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=21895"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/21895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=21895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=21895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=21895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}