Shooting Star Candlestick Patterns Oct 23 2015

The shooting star pattern is a 1-bar candlestick pattern found at the end of an uptrend. In this pattern, the stock gaps up at the open and then rises up to a point well above where it started the day at. In general this pattern indicates that there is supply of the stock at this level and that the preceding rally is not sustainable.

Microsoft Corp (MSFT)

Stock Price Quote as of Fri, Oct 23rd, 2015
High 54.07 Low 52.25
54.07 52Wk High
(-2.22%)Since 10/23/15
39.72 52Wk Low
(+33.11%)Since 08/24/15
Open 52.30 Prev Close 48.03
Volume 135,227,000 Avg Volume 35,660,340
EPS 2.55 Div & Yield $1.24 (2.58%)
P/E Ratio 17.92 Market Cap $428.93 B
Weighted Alpha +20.36 Standard Dev +4.33

Dow Chemical Company (DOW)

Stock Price Quote as of Fri, Oct 23rd, 2015
High 51.45 Low 50.26
53.80 52Wk High
(-6.47%)Since 11/21/14
35.11 52Wk Low
(+43.32%)Since 08/24/15
Open 50.68 Prev Close 49.92
Volume 16,661,000 Avg Volume 18,434,010
EPS 3.32 Div & Yield $1.68 (3.37%)
P/E Ratio 14.60 Market Cap $58.28 B
Weighted Alpha +4.91 Standard Dev +0.35

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