These Stocks are Forming a Rising Wedge (Bearish) on Jan-14
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.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is currently trading at $18.01 down -0.77% in today’s trading. TSM is trading 6.79% above its 50 day moving average and 20.69% above its 200 day moving average. TSM is -1.58% below its 52-week high and 48.35% above its 52-week low. TSM’s PE ratio is 17.32 and their market cap is $93.38B.
Taiwan Semiconductor Manufacturing Co., Ltd. manufactures integrated circuits for computer, communications & consumer electronics market segments. It provides wafer manufacturing, wafer probing, assembly & testing, mask production, & design services.
General Motors Company (NYSE:GM) is currently trading at $30.33 down -0.10% in today’s trading. GM’s RSI is currently at 75.29 which indicates that the stock is overbought. GM is trading 15.34% above its 50 day moving average and 30.39% above its 200 day moving average. GM is -0.88% below its 52-week high and 62.02% above its 52-week low. GM’s PE ratio is 11.40 and their market cap is $47.50B.
General Motors Company develops, produces and markets cars, trucks and parts worldwide. It operates through three segments: General Motors North America; General Motors Europe; and General Motors International Operations.
Prudential plc (NYSE:PUK) is currently trading at $29.87 up 0.10% in today’s trading. PUK is trading 4.78% above its 50 day moving average and 18.54% above its 200 day moving average. PUK is -0.07% below its 52-week high and 54.68% above its 52-week low. PUK’s PE ratio is 15.32 and their market cap is $38.19B.
Prudential PLC is an international financial services group, providing retail financial services in the markets in which it operates mainly the United Kingdom, the United States and Asia.
Kellogg Company (NYSE:K) is currently trading at $57.38 up 0.63% in today’s trading. K is trading 3.78% above its 50 day moving average and 12.25% above its 200 day moving average. K is -0.03% below its 52-week high and 25.91% above its 52-week low. K’s PE ratio is 17.39 and their market cap is $20.57B.
Kellogg Company and its subsidiaries are engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.
Kyocera Corp. (NYSE:KYO) is currently trading at $90.52 up 0.54% in today’s trading. KYO is trading -0.85% below its 50 day moving average and 3.67% above its 200 day moving average. KYO is -8.14% below its 52-week high and 16.97% above its 52-week low. KYO’s PE ratio is 25.57 and their market cap is $17.32B.
Kyocera Corporation is engaged in numerous high-tech fields, from fine ceramic components to electronics devices, equipment, services and networks.It categorizes its operations into seven reporting segments.
Health Care REIT Inc. (NYSE:HCN) is currently trading at $61.94 up 0.02% in today’s trading. HCN is trading 3.59% above its 50 day moving average and 8.29% above its 200 day moving average. HCN is -0.66% below its 52-week high and 22.73% above its 52-week low. HCN’s PE ratio is 121.45 and their market cap is $16.08B.
Health Care REIT, Inc. is a real estate investment trust, which invests in senior housing and health care real estate. It also provides an array of property management and development services.
Ingersoll-Rand Plc (NYSE:IR) is currently trading at $49.75 up 0.30% in today’s trading. IR is trading 4.51% above its 50 day moving average and 13.53% above its 200 day moving average. IR is -0.30% below its 52-week high and 52.29% above its 52-week low. IR’s PE ratio is 15.03 and their market cap is $14.97B.
Ingersoll-Rand PLC provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity.
HCA Holdings Inc. (NYSE:HCA) is currently trading at $33.85 up 1.96% in today’s trading. HCA’s RSI is currently at 70.57 which indicates that the stock is overbought. HCA is trading 11.17% above its 50 day moving average and 31.25% above its 200 day moving average. HCA is 0.12% above its 52-week high and 84.52% above its 52-week low. HCA’s PE ratio is 4.79 and their market cap is $14.94B.
Reed Elsevier plc (NYSE:RUK) is currently trading at $42.46 down -0.45% in today’s trading. RUK is trading 4.50% above its 50 day moving average and 18.53% above its 200 day moving average. RUK is -0.54% below its 52-week high and 49.76% above its 52-week low. RUK’s PE ratio is 15.78 and their market cap is $12.90B.
Reed Elsevier PLC is a provider of professional information solutions in the Science, Medical, Risk, Legal and Business sectors. Its four business segments are Elsevier, LexisNexis, Reed Exhibitions, and Reed Business Information.
Mattel Inc. (NYSE:MAT) is currently trading at $36.82 down -0.83% in today’s trading. MAT is trading 0.96% above its 50 day moving average and 7.93% above its 200 day moving average. MAT is -2.93% below its 52-week high and 36.48% above its 52-week low. MAT’s PE ratio is 15.28 and their market cap is $12.63B.
Mattel, Inc. designs, manufactures, and markets a variety of toy products worldwide through sales to its customers and directly to consumers.
Harley-Davidson Inc. (NYSE:HOG) is currently trading at $50.29 up 0.30% in today’s trading. HOG is trading 5.64% above its 50 day moving average and 9.22% above its 200 day moving average. HOG is -6.47% below its 52-week high and 33.83% above its 52-week low. HOG’s PE ratio is 19.05 and their market cap is $11.38B.
Harley-Davidson Inc produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. It operates in two segments, Motorcycles and Related Products, and Financial Services.
Roper Industries Inc. (NYSE:ROP) is currently trading at $114.28 down -0.09% in today’s trading. ROP is trading 2.94% above its 50 day moving average and 9.93% above its 200 day moving average. ROP is -1.38% below its 52-week high and 26.33% above its 52-week low. ROP’s PE ratio is 24.58 and their market cap is $11.24B.
Roper Industries, Inc. designs, manufactures and distributes energy systems and controls, scientific and industrial imaging products and software, industrial technology products and radio frequency products and services.
CEMEX S.A.B. de C.V. (NYSE:CX) is currently trading at $10.39 down -0.95% in today’s trading. CX’s RSI is currently at 70.11 which indicates that the stock is overbought. CX is trading 11.17% above its 50 day moving average and 34.73% above its 200 day moving average. CX is -3.26% below its 52-week high and 110.32% above its 52-week low.
CEMEX, S.A.B. de C.V. is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East and Asia.
CH Robinson Worldwide Inc. (NASDAQ:CHRW) is currently trading at $64.80 up 0.40% in today’s trading. CHRW is trading 4.96% above its 50 day moving average and 9.39% above its 200 day moving average. CHRW is -5.24% below its 52-week high and 29.02% above its 52-week low. CHRW’s PE ratio is 23.56 and their market cap is $10.45B.
CH Robinson Worldwide, Inc. is a third party logistics company, which provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries.
Cabot Oil & Gas Corporation (NYSE:COG) is currently trading at $48.64 up 1.12% in today’s trading. COG is trading 0.28% above its 50 day moving average and 18.52% above its 200 day moving average. COG is -4.96% below its 52-week high and 68.88% above its 52-week low. COG’s PE ratio is 86.86 and their market cap is $10.23B.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in North America.
Lam Research Corporation (NASDAQ:LRCX) is currently trading at $38.22 down -0.57% in today’s trading. LRCX is trading 5.71% above its 50 day moving average and 4.58% above its 200 day moving average. LRCX is -15.61% below its 52-week high and 22.62% above its 52-week low. LRCX’s PE ratio is 47.78 and their market cap is $6.55B.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.
ResMed Inc. (NYSE:RMD) is currently trading at $43.75 up 0.21% in today’s trading. RMD is trading 5.96% above its 50 day moving average and 21.35% above its 200 day moving average. RMD is -1.62% below its 52-week high and 72.10% above its 52-week low. RMD’s PE ratio is 23.40 and their market cap is $6.26B.
ResMed Inc. is a developer, manufacturer and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders.
Masco Corporation (NYSE:MAS) is currently trading at $17.50 down -1.07% in today’s trading. MAS is trading 7.63% above its 50 day moving average and 23.12% above its 200 day moving average. MAS is -3.53% below its 52-week high and 62.32% above its 52-week low.
Masco Corporation manufactures, distributes and installs home improvement and building products including faucets, cabinets, architectural coatings and windows.
Fidelity National Financial Inc. (NYSE:FNF) is currently trading at $25.58 up 1.51% in today’s trading. FNF’s RSI is currently at 71.44 which indicates that the stock is overbought. FNF is trading 9.61% above its 50 day moving average and 26.36% above its 200 day moving average. FNF is 0.08% above its 52-week high and 62.42% above its 52-week low. FNF’s PE ratio is 10.66 and their market cap is $5.76B.
Fidelity National Financial, Inc. is a holding company which is a provider, through its subsidiaries, of title insurance, specialty insurance, claims management services, and information services.
Lear Corp. (NYSE:LEA) is currently trading at $48.12 up 0.23% in today’s trading. LEA’s RSI is currently at 73.62 which indicates that the stock is overbought. LEA is trading 8.69% above its 50 day moving average and 17.81% above its 200 day moving average. LEA is -0.76% below its 52-week high and 39.20% above its 52-week low. LEA’s PE ratio is 9.60 and their market cap is $4.66B.
Lear Corporation and its affiliates design and manufacture complete automotive seat systems and the components thereof, as well as electrical distribution systems and electronic products.
Waste Connections Inc. (NYSE:WCN) is currently trading at $34.36 down -0.09% in today’s trading. WCN is trading 4.79% above its 50 day moving average and 10.15% above its 200 day moving average. WCN is -1.01% below its 52-week high and 20.43% above its 52-week low. WCN’s PE ratio is 25.45 and their market cap is $4.22B.
Waste Connections, Inc. is an integrated solid waste services Company that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the Western and Southern U.S.
Extra Space Storage Inc. (NYSE:EXR) is currently trading at $37.64 up 0.00% in today’s trading. EXR is trading 5.71% above its 50 day moving average and 17.97% above its 200 day moving average. EXR is -0.87% below its 52-week high and 60.52% above its 52-week low. EXR’s PE ratio is 39.21 and their market cap is $4.04B.
Extra Space Storage, Inc. is a real estate investment trust formed to own, operate, manage, acquire, develop and redevelop professionally managed self-storage facilities.
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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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