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Saturday, March 24, 2012

Technical Rising Channel: (CSGS), (CYN), (NWE), (ACG), (VLTR)

These stocks, CSG International, Inc, City National Corp, Northwestern Corp, AllianceBernstein Income Fund, Inc, and Volterra Semiconductor Corporation, have been showing upward channel patterns on March 24. 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 CSG International, Inc (CSGS) fell by 0.13% or $-0.02/share to $15.6. In the past year, the shares have traded as low as $12.13 and as high as $21.59. On average, 151160 shares of CSGS exchange hands on a given day and today's volume is recorded at 161802.

Shares of City National Corp (CYN) traded higher by 0.94% or $0.50/share to $53.76. In the past year, the shares have traded as low as $34.73 and as high as $58.07. On average, 469430 shares of CYN exchange hands on a given day and today's volume is recorded at 514745.

Shares of Northwestern Corp (NWE) traded higher by 0.29% or $0.10/share to $34.87. In the past year, the shares have traded as low as $27.68 and as high as $36.23. On average, 186940 shares of NWE exchange hands on a given day and today's volume is recorded at 181916.

Shares of AllianceBernstein Income Fund, Inc (ACG) traded higher by 1.22% or $0.10/share to $8.28. In the past year, the shares have traded as low as $7.11 and as high as $8.36. On average, 619540 shares of ACG exchange hands on a given day and today's volume is recorded at 715614.

Shares of Volterra Semiconductor Corporation (VLTR) traded higher by 2.48% or $0.79/share to $32.68. In the past year, the shares have traded as low as $18.09 and as high as $32.41. On average, 276450 shares of VLTR exchange hands on a given day and today's volume is recorded at 239587.