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Sunday, March 25, 2012

Bullish Upward Channel Detected: (EGN), (MDF), (MUC), (AGG), (AIZ)

These stocks, Energen Corp, Metropolitan Health Networks Inc, BlackRock MuniHoldings California Insured Fund, Inc, iShares Barclays Aggregate Bond, and Assurant Inc, have been showing upward channel patterns on March 25. This pattern is short-term bullish as the stock rises within the ascending channel, but these patterns form long downtrends as a continuation pattern. The stock displays an upward tilt and is controlled by two parallel lines. The lower line connects two consecutive higher lows. The higher line connects to consecutive higher highs. As the price hits the lower line, it bounces up to the higher line which acts as a resistance line. Investors may want to consider investing when the price hits the lower line for short-term bounce plays.

Shares of Energen Corp (EGN) traded higher by 0.88% or $0.43/share to $49.54. In the past year, the shares have traded as low as $37.01 and as high as $64.74. On average, 482280 shares of EGN exchange hands on a given day and today's volume is recorded at 497509.

Shares of Metropolitan Health Networks Inc (MDF) traded higher by 0.55% or $0.05/share to $9.15. In the past year, the shares have traded as low as $3.79 and as high as $9.15. On average, 320590 shares of MDF exchange hands on a given day and today's volume is recorded at 260864.

Shares of BlackRock MuniHoldings California Insured Fund, Inc (MUC) traded higher by 0.61% or $0.09/share to $14.96. In the past year, the shares have traded as low as $11.59 and as high as $15.63. On average, 102340 shares of MUC exchange hands on a given day and today's volume is recorded at 111120.

Shares of iShares Barclays Aggregate Bond (AGG) traded higher by 0.23% or $0.25/share to $109.7. In the past year, the shares have traded as low as $101.56 and as high as $110.77. On average, 1092780 shares of AGG exchange hands on a given day and today's volume is recorded at 758359.

Shares of Assurant Inc (AIZ) traded higher by 1.45% or $0.58/share to $40.59. In the past year, the shares have traded as low as $30.22 and as high as $44.36. On average, 1019890 shares of AIZ exchange hands on a given day and today's volume is recorded at 933649.