Stock Market Watch

Head and Shoulders Pattern Formed (Bearish) on These Stocks on Apr-5

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The following stocks have formed a head and shoulders pattern.This is a reversal pattern forms after an uptrend, and its completion marks a trend reversal. The pattern contains three successive peaks with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal.

Lancaster Colony Corporation (NASDAQ:LANC) is currently trading at $64.68 down -1.09% in today’s trading. LANC is trading -3.08% below its 50 day moving average and 1.19% above its 200 day moving average. LANC is -9.71% below its 52-week high and 22.68% above its 52-week low. LANC’s PE ratio is 17.87 and their market cap is $1.78B.

Lancaster Colony Corporation is a manufacturer and marketer of consumer products with a focus on food products for the retail and foodservice markets.


Mistras Group Inc. (NYSE:MG) is currently trading at $23.30 down -1.85% in today’s trading. MG is trading -0.20% below its 50 day moving average and 10.70% above its 200 day moving average. MG is -11.20% below its 52-week high and 57.11% above its 52-week low. MG’s PE ratio is 32.52 and their market cap is $662.82M.

Mistras Group, Inc. is a provider of technology-enabled Asset Protection Solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.

RDA Microelectronics Inc. (NASDAQ:RDA) is currently trading at $10.91 down -0.09% in today’s trading. RDA is trading -8.42% below its 50 day moving average and 7.74% above its 200 day moving average. RDA is -26.28% below its 52-week high and 54.53% above its 52-week low. RDA’s PE ratio is 9.75 and their market cap is $463.66M.

Chesapeake Utilities Corporation (NYSE:CPK) is currently trading at $41.25 up 1.10% in today’s trading. CPK is trading -1.41% below its 50 day moving average and 1.89% above its 200 day moving average. CPK is -6.61% below its 52-week high and 17.51% above its 52-week low. CPK’s PE ratio is 14.22 and their market cap is $390.86M.

Chesapeake Utilities Corporation is a utility company engaged in natural gas distribution, transmission and marketing, propane distribution and wholesale marketing, advanced information services and other related businesses.

Berkshire Bancorp Inc. (NASDAQ:BERK) is currently trading at $6.68 up 0.45% in today’s trading. BERK is trading -6.08% below its 50 day moving average and -2.33% below its 200 day moving average. BERK is -16.29% below its 52-week high and 29.21% above its 52-week low. BERK’s PE ratio is 1.84 and their market cap is $96.03M.

Berkshire Bancorp Inc. is a holding company for The Berkshire Bank, which provides various banking products and services to businesses, professionals, and retail customers in New York City metropolitan area and the Villages of Goshen and Harriman.

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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.


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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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