These Stocks are Forming a Rising Wedge (Bearish) on Jan-9



An upward wedge has formed in the following stocks.This is a bearish pattern found when the price moves higher but the trading range narrows.

International Business Machines Corp. (NYSE:IBM) is currently trading at $182.54. IBM is trading -1.70% below its 50 day moving average and 5.13% above its 200 day moving average. IBM is -6.34% below its 52-week high and 26.49% above its 52-week low. IBM’s PE ratio is 14.44 and their market cap is $215.15B.

International Business Machines Corporation is globally-integrated enterprise, which creates business value for clients and solves business problems through integrated solutions that leverage information technology and deep knowledge of business processe

Visa Inc. (NYSE:V) is currently trading at $100.71. V is trading 5.06% above its 50 day moving average and 17.30% above its 200 day moving average. V is -2.65% below its 52-week high and 50.37% above its 52-week low. V’s PE ratio is 23.81 and their market cap is $81.96B.

Visa Inc. is a global payments technology company that connects consumers, businesses, banks and governments around the world, enabling them to use digital currency instead of check and cash.

Nike Inc. (NYSE:NKE) is currently trading at $97.99. NKE is trading 3.23% above its 50 day moving average and 12.72% above its 200 day moving average. NKE is -0.77% below its 52-week high and 42.70% above its 52-week low. NKE’s PE ratio is 20.94 and their market cap is $45.44B.

Nike, Inc’s principal business activity is the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the largest seller of athletic footwear and athletic apparel in the world.

Mastercard Incorporated (NYSE:MA) is currently trading at $342.92. MA is trading -5.51% below its 50 day moving average and 8.85% above its 200 day moving average. MA is -10.89% below its 52-week high and 50.68% above its 52-week low. MA’s PE ratio is 19.22 and their market cap is $43.53B.

MasterCard Incorporated is a global payment solutions company that provides various services in support of the credit, debit & related payment programs to financial institutions and other entities that are its customers.

The TJX Companies Inc. (NYSE:TJX) is currently trading at $66.46. TJX is trading 7.56% above its 50 day moving average and 20.05% above its 200 day moving average. TJX is -0.73% below its 52-week high and 48.85% above its 52-week low. TJX’s PE ratio is 19.15 and their market cap is $25.06B.

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.

American Tower Corp. (NYSE:AMT) is currently trading at $60.25. AMT is trading 3.68% above its 50 day moving average and 11.91% above its 200 day moving average. AMT is -1.12% below its 52-week high and 31.41% above its 52-week low. AMT’s PE ratio is 88.60 and their market cap is $23.68B.

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.

Tenaris SA (NYSE:TS) is currently trading at $38.47. TS is trading 8.75% above its 50 day moving average and -0.94% below its 200 day moving average. TS is -23.37% below its 52-week high and 66.44% above its 52-week low. TS’s PE ratio is 18.15 and their market cap is $22.71B.

Tenaris SA is themanufacturer and supplier of steel pipe products and related services for the world’s energy industry as well as for other industrial applications. The Company’s main products include casing, tubing, line pipe, mechanical & structural

Marathon Oil Corporation (NYSE:MRO) is currently trading at $30.69. MRO is trading 11.07% above its 50 day moving average and 8.34% above its 200 day moving average. MRO is -11.27% below its 52-week high and 61.27% above its 52-week low. MRO’s PE ratio is 11.76 and their market cap is $21.60B.

Marathon Oil Corporation is a global integrated energy company with significant operations in the North America, Africa and Europe.

Capital One Financial Corp. (NYSE:COF) is currently trading at $45.16. COF is trading 2.95% above its 50 day moving average and -3.59% below its 200 day moving average. COF is -19.53% below its 52-week high and 25.96% above its 52-week low. COF’s PE ratio is 5.86 and their market cap is $20.76B.

Capital One Financial Corporation is a financial services company whose banking and non-banking subsidiaries market a variety of financial products and services.

Williams Partners L.P. (NYSE:WPZ) is currently trading at $62.57. WPZ is trading 6.57% above its 50 day moving average and 16.54% above its 200 day moving average. WPZ is -0.65% below its 52-week high and 47.37% above its 52-week low. WPZ’s PE ratio is 18.51 and their market cap is $18.18B.

Williams Partners L.P. is engaged in the business of gathering, transporting, processing and treating natural gas and fractionating and storing natural gas liquids.

PPL Corporation (NYSE:PPL) is currently trading at $28.52. PPL is trading -2.11% below its 50 day moving average and 3.94% above its 200 day moving average. PPL is -4.67% below its 52-week high and 22.76% above its 52-week low. PPL’s PE ratio is 10.80 and their market cap is $16.49B.

PPL Corporation is an energy and utility holding company through its subsidiaries, is engaged in the generation and marketing of electricity in the northeastern and western U.S. and in the delivery of electricity in Pennsylvania and the U.K.

Progress Energy Inc. (NYSE:PGN) is currently trading at $54.72. PGN is trading 2.18% above its 50 day moving average and 12.32% above its 200 day moving average. PGN is -2.96% below its 52-week high and 31.76% above its 52-week low. PGN’s PE ratio is 20.65 and their market cap is $16.14B.

Progress Energy, Inc., with its regulated and nonregulated subsidiaries, is an integrated electric utility, mainly engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina, South Carolina and Florida.

Macy’s Inc. (NYSE:M) is currently trading at $34.56. M is trading 9.63% above its 50 day moving average and 23.73% above its 200 day moving average. M is -0.69% below its 52-week high and 61.37% above its 52-week low. M’s PE ratio is 12.75 and their market cap is $14.51B.

Macy’s, Inc. is a retail organization that sells a range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.

iShares Barclays Aggregate Bond (NYSE:AGG) is currently trading at $110.12. AGG is trading 0.64% above its 50 day moving average and 2.96% above its 200 day moving average. AGG is -0.47% below its 52-week high and 9.21% above its 52-week low.

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays Capital U.S. Aggregate Bond Index (the underlying index). The fund invests approximately 90% of assets in the bo

Laboratory Corp. of America Holdings (NYSE:LH) is currently trading at $87.41. LH is trading 4.36% above its 50 day moving average and -1.30% below its 200 day moving average. LH is -13.40% below its 52-week high and 17.22% above its 52-week low. LH’s PE ratio is 17.48 and their market cap is $8.66B.

Laboratory Corporation of America Holdings offers a range of testing services used by the medical profession in routine testing, patient diagnosis and in the monitoring and treatment of disease.

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Alex Fredricks
Post Written By: Alex Fredricks
Alex Fredricks has a degree in business and is an avid day-trader. Alex'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.


Alex Fredricks

About Alex Fredricks

Alex Fredricks has a degree in business and is an avid day-trader. Alex'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.
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