{"id":27280,"date":"2012-05-17T09:01:00","date_gmt":"2012-05-17T09:01:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/these-stocks-are-forming-a-rising-wedge-bearish-on-may-17\/27279\/"},"modified":"2012-05-17T09:01:00","modified_gmt":"2012-05-17T09:01:00","slug":"these-stocks-are-forming-a-rising-wedge-bearish-on-may-17","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/these-stocks-are-forming-a-rising-wedge-bearish-on-may-17\/27280\/","title":{"rendered":"These Stocks are Forming a Rising Wedge (Bearish) on May-17"},"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>Pfizer Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PFE\">(NYSE:PFE)<\/a>  is currently trading at $22.64. PFE is trading <span style=\"color:green\">2.52%<\/span> above  its 50 day moving average and <span style=\"color:green\">13.12%<\/span> above  its 200 day moving average. PFE is <span style=\"color:red\">-1.85%<\/span> below its 52-week high and <span style=\"color:green\">40.28%<\/span> above  its 52-week low. PFE&#8217;s PE ratio is 21.36 and their market cap is $169.53B. <\/p>\n<p>Pfizer Inc. is a research-based, global pharmaceutical company, which discovers, develops, manufactures and markets prescription medicines for humans and animals.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--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>BHP Billiton plc<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BBL\">(NYSE:BBL)<\/a>  is currently trading at $55.09. BBL&#8217;s RSI is currently at 26.92 which indicates that the stock is oversold. BBL is trading <span style=\"color:red\">-10.43%<\/span> below its 50 day moving average and <span style=\"color:red\">-9.99%<\/span> below its 200 day moving average. BBL is <span style=\"color:red\">-29.64%<\/span> below its 52-week high and <span style=\"color:green\">12.24%<\/span> above  its 52-week low. BBL&#8217;s PE ratio is 6.49 and their market cap is $146.64B. <\/p>\n<p>BHP Billiton PLC is a diversified natural resources company. It operates nine Customer Sector Groups i.e. Petroleum, Aluminium, Base Metals, Iron Ore Diamonds and Specialty Products, Stainless Steel Materials, Manganese, Metallurgical Coal &#038; Energy Coal.<\/p>\n<p><b>Intel Corporation<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=INTC\">(NASDAQ:INTC)<\/a>  is currently trading at $26.50. INTC is trading <span style=\"color:red\">-4.11%<\/span> below its 50 day moving average and <span style=\"color:green\">8.64%<\/span> above  its 200 day moving average. INTC is <span style=\"color:red\">-9.46%<\/span> below its 52-week high and <span style=\"color:green\">41.71%<\/span> above  its 52-week low. INTC&#8217;s PE ratio is 11.23 and their market cap is $133.32B. <\/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><b>GlaxoSmithKline plc<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GSK\">(NYSE:GSK)<\/a>  is currently trading at $45.37. GSK is trading <span style=\"color:green\">0.40%<\/span> above  its 50 day moving average and <span style=\"color:green\">5.72%<\/span> above  its 200 day moving average. GSK is <span style=\"color:red\">-3.30%<\/span> below its 52-week high and <span style=\"color:green\">22.15%<\/span> above  its 52-week low. GSK&#8217;s PE ratio is 14.09 and their market cap is $114.35B. <\/p>\n<p>GlaxoSmithKline PLC is the global healthcare Group which is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products including vaccines, over-the-counter medicines and health-related consumer products.<\/p>\n<p><b>Coca-Cola FEMSA S.A.B de C.V.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=KOF\">(NYSE:KOF)<\/a>  is currently trading at $111.95. KOF is trading <span style=\"color:green\">6.97%<\/span> above  its 50 day moving average and <span style=\"color:green\">15.11%<\/span> above  its 200 day moving average. KOF is <span style=\"color:red\">-0.93%<\/span> below its 52-week high and <span style=\"color:green\">34.54%<\/span> above  its 52-week low. KOF&#8217;s PE ratio is 27.44 and their market cap is $22.23B. <\/p>\n<p>The Company produces, markets and distributes Coca-Cola trademark beverages, proprietary brands and brands licensed from third parties.<\/p>\n<p><b>T. Rowe Price Group Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TROW\">(NASDAQ:TROW)<\/a>  is currently trading at $59.16. TROW is trading <span style=\"color:red\">-5.67%<\/span> below its 50 day moving average and <span style=\"color:green\">5.20%<\/span> above  its 200 day moving average. TROW is <span style=\"color:red\">-10.36%<\/span> below its 52-week high and <span style=\"color:green\">33.84%<\/span> above  its 52-week low. TROW&#8217;s PE ratio is 20.19 and their market cap is $15.09B. <\/p>\n<p>T. Rowe Price Group, financial services holding company, which through its subsidiaries provides investment advisory services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios.<\/p>\n<p><b>Edison International<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=EIX\">(NYSE:EIX)<\/a>  is currently trading at $44.18. EIX is trading <span style=\"color:green\">2.82%<\/span> above  its 50 day moving average and <span style=\"color:green\">11.61%<\/span> above  its 200 day moving average. EIX is <span style=\"color:red\">-0.83%<\/span> below its 52-week high and <span style=\"color:green\">38.64%<\/span> above  its 52-week low. <\/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>SPDR <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> Industrial Average<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=DIA\">(NYSE:DIA)<\/a>  is currently trading at $126.18. DIA is trading <span style=\"color:red\">-2.97%<\/span> below its 50 day moving average and <span style=\"color:green\">4.48%<\/span> above  its 200 day moving average. DIA is <span style=\"color:red\">-5.23%<\/span> below its 52-week high and <span style=\"color:green\">23.23%<\/span> above  its 52-week low. <\/p>\n<p>The investment seeks to replicate, net of expenses, the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> Industrial Average (DJIA). The fund holds the portfolio and cash. The portfolio consists of as many of index securities as is practicable. To maintain the correspondence between the composit<\/p>\n<p><b>Vanguard REIT Index ETF<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=VNQ\">(NYSE:VNQ)<\/a>  is currently trading at $63.71. VNQ is trading <span style=\"color:green\">0.25%<\/span> above  its 50 day moving average and <span style=\"color:green\">10.41%<\/span> above  its 200 day moving average. VNQ is <span style=\"color:red\">-4.47%<\/span> below its 52-week high and <span style=\"color:green\">37.87%<\/span> above  its 52-week low. <\/p>\n<p>The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs a passive managementor index<\/p>\n<p><b>iShares <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Select Dividend Index<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=DVY\">(NYSE:DVY)<\/a>  is currently trading at $55.09. DVY is trading <span style=\"color:red\">-1.19%<\/span> below its 50 day moving average and <span style=\"color:green\">5.69%<\/span> above  its 200 day moving average. DVY is <span style=\"color:red\">-3.77%<\/span> below its 52-week high and <span style=\"color:green\">26.34%<\/span> above  its 52-week low. <\/p>\n<p>The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Dividend Index (the underlying index). The fund generally invests at least 90% of its assets in sec<\/p>\n<p><b>Integrys Energy Group Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TEG\">(NYSE:TEG)<\/a>  is currently trading at $53.75. TEG is trading <span style=\"color:green\">1.08%<\/span> above  its 50 day moving average and <span style=\"color:green\">6.15%<\/span> above  its 200 day moving average. TEG is <span style=\"color:red\">-2.54%<\/span> below its 52-week high and <span style=\"color:green\">30.89%<\/span> above  its 52-week low. TEG&#8217;s PE ratio is 21.08 and their market cap is $4.21B. <\/p>\n<p>Integrys Energy Group is a holding company for its regulated utility and nonregulated business units.<\/p>\n<p><b>Arthur J Gallagher &#038; Co.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AJG\">(NYSE:AJG)<\/a>  is currently trading at $35.08. AJG is trading <span style=\"color:red\">-2.02%<\/span> below its 50 day moving average and <span style=\"color:green\">11.52%<\/span> above  its 200 day moving average. AJG is <span style=\"color:red\">-8.26%<\/span> below its 52-week high and <span style=\"color:green\">49.03%<\/span> above  its 52-week low. AJG&#8217;s PE ratio is 25.24 and their market cap is $4.16B. <\/p>\n<p>Arthur J. Gallagher &#038; Co. and its subsidiaries are engaged in providing insurance brokerage and third-party claims settlement and administration services to entities in the U.S. and abroad.<\/p>\n<p><b>Vanguard Value ETF<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=VTV\">(NYSE:VTV)<\/a>  is currently trading at $54.45. VTV is trading <span style=\"color:red\">-3.95%<\/span> below its 50 day moving average and <span style=\"color:green\">3.97%<\/span> above  its 200 day moving average. VTV is <span style=\"color:red\">-6.49%<\/span> below its 52-week high and <span style=\"color:green\">24.12%<\/span> above  its 52-week low. <\/p>\n<p>The investment seeks to replicate, net of expenses, the MSCI US Prime Market Value Index. The fund generally invests all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as i<\/p>\n<p><b>Penn National Gaming Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PENN\">(NASDAQ:PENN)<\/a>  is currently trading at $45.50. PENN is trading <span style=\"color:green\">3.69%<\/span> above  its 50 day moving average and <span style=\"color:green\">15.63%<\/span> above  its 200 day moving average. PENN is <span style=\"color:red\">-2.11%<\/span> below its 52-week high and <span style=\"color:green\">43.62%<\/span> above  its 52-week low. PENN&#8217;s PE ratio is 18.06 and their market cap is $3.48B. <\/p>\n<p>Penn National Gaming, Inc. is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties. The Company owns or manages around 19 facilities in 15 jurisdictions, including Colorado, Florida, Illinois, Indiana etc.<\/p>\n<p><b>RPM International Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=RPM\">(NYSE:RPM)<\/a>  is currently trading at $26.09. RPM is trading <span style=\"color:green\">0.95%<\/span> above  its 50 day moving average and <span style=\"color:green\">14.43%<\/span> above  its 200 day moving average. RPM is <span style=\"color:red\">-5.01%<\/span> below its 52-week high and <span style=\"color:green\">55.95%<\/span> above  its 52-week low. RPM&#8217;s PE ratio is 16.72 and their market cap is $3.43B. <\/p>\n<p>RPM International Inc. manufactures, markets and sells various specialty chemical product lines, including high-quality specialty paints, protective coatings, roofing systems, sealants and adhesives.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/52-week-highs\/t-vz-nsm-dtlk-ledr-hit-new-52-week-highs\/27463\"><br \/>\nT, VZ, NSM, DTLK, LEDR Hit New 52-Week Highs<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/volume-spikes\/crm-fl-velt-bws-wgo-had-unusual-volume\/27461\"><br \/>\nCRM, FL, VELT, BWS, WGO Had Unusual Volume<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/silver-stock-price-update-for-today-may-18-2\/27456\"><br \/>\nSilver Stock Price Update for Today,  May-18<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/gold-stock-price-update-for-today-may-18-2\/27454\"><br \/>\nGold Stock Price Update for Today,  May-18<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/top-losers-in-after-hours-today-may-18\/27434\"><br \/>\nTop Losers in After-hours  Today,  May-18<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/top-gainers-in-after-hours-today-may-18\/27432\"><br \/>\nTop Gainers in After-hours  Today,  May-18<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/silver-stock-price-update-for-today-may-18\/27377\"><br \/>\nSilver Stock Price Update for Today,  May-18<\/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 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