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Sunday, March 25, 2012

Technical Rising Channel: (CSGS), (WWWW), (BMR), (ROST), (CNL)

These stocks, CSG International, Inc, Web.com Group, Inc, BioMed Realty Trust Inc, Ross Stores Inc, and Cleco Corporation, 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 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 Web.com Group, Inc (WWWW) traded higher by 0.53% or $0.08/share to $15.14. In the past year, the shares have traded as low as $6.47 and as high as $16.01. On average, 253640 shares of WWWW exchange hands on a given day and today's volume is recorded at 120495.

Shares of BioMed Realty Trust Inc (BMR) traded higher by 0.53% or $0.10/share to $19.11. In the past year, the shares have traded as low as $14.60 and as high as $20.56. On average, 1334510 shares of BMR exchange hands on a given day and today's volume is recorded at 849675.

Shares of Ross Stores Inc (ROST) fell by 0.21% or $-0.12/share to $57.11. In the past year, the shares have traded as low as $33.23 and as high as $57.59. On average, 1965170 shares of ROST exchange hands on a given day and today's volume is recorded at 1397972.

Shares of Cleco Corporation (CNL) traded higher by 0.54% or $0.21/share to $39.2. In the past year, the shares have traded as low as $29.57 and as high as $40.10. On average, 504110 shares of CNL exchange hands on a given day and today's volume is recorded at 283814.