Stock Market Watch

These Stocks are Forming a Rising Wedge (Bearish) on Jan-2

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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.

Visa Inc. (NYSE:V) is currently trading at $101.53 down -1.57% in today’s trading. V is trading 7.02% above its 50 day moving average and 19.31% above its 200 day moving average. V is -1.86% below its 52-week high and 51.59% above its 52-week low. V’s PE ratio is 24.00 and their market cap is $82.62B.

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.


Mastercard Incorporated (NYSE:MA) is currently trading at $372.82 down -1.44% in today’s trading. MA is trading 3.49% above its 50 day moving average and 19.36% above its 200 day moving average. MA is -3.16% below its 52-week high and 70.35% above its 52-week low. MA’s PE ratio is 20.90 and their market cap is $47.32B.

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.

Nike Inc. (NYSE:NKE) is currently trading at $96.37 down -1.12% in today’s trading. NKE is trading 2.01% above its 50 day moving average and 11.49% above its 200 day moving average. NKE is -1.91% below its 52-week high and 40.35% above its 52-week low. NKE’s PE ratio is 20.59 and their market cap is $44.68B.

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.

Costco Wholesale Corporation (NASDAQ:COST) is currently trading at $83.32 down -1.21% in today’s trading. COST is trading -0.66% below its 50 day moving average and 4.31% above its 200 day moving average. COST is -6.04% below its 52-week high and 20.89% above its 52-week low. COST’s PE ratio is 25.10 and their market cap is $36.24B.

Costco Wholesale Corporation operates membership warehouses, which offer low prices on a limited selection of nationally branded and selected private-label products in a range of merchandise categories.

Lockheed Martin Corporation (NYSE:LMT) is currently trading at $80.90 down -0.76% in today’s trading. LMT is trading 5.56% above its 50 day moving average and 7.22% above its 200 day moving average. LMT is -1.08% below its 52-week high and 24.76% above its 52-week low. LMT’s PE ratio is 10.15 and their market cap is $26.18B.

Lockheed Martin Corporation is a global security company is engaged in the research, design, development, manufacture, integration, operation and sustainment of advanced technology systems and products.

The TJX Companies Inc. (NYSE:TJX) is currently trading at $64.55 down -1.27% in today’s trading. TJX is trading 5.53% above its 50 day moving average and 17.48% above its 200 day moving average. TJX is -1.45% below its 52-week high and 53.78% above its 52-week low. TJX’s PE ratio is 18.60 and their market cap is $24.34B.

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 $60.01 down -0.96% in today’s trading. AMT is trading 3.96% above its 50 day moving average and 12.01% above its 200 day moving average. AMT is -1.33% below its 52-week high and 30.88% above its 52-week low. AMT’s PE ratio is 88.25 and their market cap is $23.59B.

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.

Kinder Morgan Inc. (NYSE:KMI) is currently trading at $32.17 up 1.93% in today’s trading. KMI’s RSI is currently at 70.37 which indicates that the stock is overbought. KMI is trading 10.22% above its 50 day moving average and 15.68% above its 200 day moving average. KMI is 0.63% above its 52-week high and 38.24% above its 52-week low. KMI’s PE ratio is 45.31 and their market cap is $22.74B.

Tenaris SA (NYSE:TS) is currently trading at $37.18 up 1.42% in today’s trading. TS is trading 8.01% above its 50 day moving average and -4.63% below its 200 day moving average. TS is -25.94% below its 52-week high and 60.86% above its 52-week low. TS’s PE ratio is 17.54 and their market cap is $21.95B.

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

Progress Energy Inc. (NYSE:PGN) is currently trading at $56.02 down -0.37% in today’s trading. PGN is trading 5.25% above its 50 day moving average and 15.71% above its 200 day moving average. PGN is -0.39% below its 52-week high and 36.80% above its 52-week low. PGN’s PE ratio is 21.14 and their market cap is $16.53B.

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.

Humana Inc. (NYSE:HUM) is currently trading at $87.61 down -0.73% in today’s trading. HUM is trading 3.35% above its 50 day moving average and 13.46% above its 200 day moving average. HUM is -3.40% below its 52-week high and 62.65% above its 52-week low. HUM’s PE ratio is 11.12 and their market cap is $14.32B.

Humana Inc. offers an array of health and supplemental benefit products for employer groups, government benefit programs and individuals.

Macy’s Inc. (NYSE:M) is currently trading at $32.18 down -0.95% in today’s trading. M is trading 3.13% above its 50 day moving average and 16.29% above its 200 day moving average. M is -2.95% below its 52-week high and 50.26% above its 52-week low. M’s PE ratio is 11.87 and their market cap is $13.51B.

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.

Fastenal Company (NASDAQ:FAST) is currently trading at $43.61 down -1.60% in today’s trading. FAST is trading 8.58% above its 50 day moving average and 25.57% above its 200 day moving average. FAST is -1.78% below its 52-week high and 54.39% above its 52-week low. FAST’s PE ratio is 38.25 and their market cap is $12.87B.

Fastenal Company in the wholesale distribution of industrial and construction supplies in North America. It operates stores primarily located in North America.

Laboratory Corp. of America Holdings (NYSE:LH) is currently trading at $85.97 down -0.57% in today’s trading. LH is trading 3.15% above its 50 day moving average and -2.94% below its 200 day moving average. LH is -14.83% below its 52-week high and 15.29% above its 52-week low. LH’s PE ratio is 17.19 and their market cap is $8.52B.

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.

KLA-Tencor Corporation (NASDAQ:KLAC) is currently trading at $48.25 down -1.09% in today’s trading. KLAC is trading 4.27% above its 50 day moving average and 15.67% above its 200 day moving average. KLAC is -4.75% below its 52-week high and 46.40% above its 52-week low. KLAC’s PE ratio is 9.89 and their market cap is $8.04B.

KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.

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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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