These stocks, Twin Disc Inc, Morningstar Inc, Carter's, Inc, Owens Corning, and Enerplus Corporation, have been showing ascending triangle patterns on June 26. This pattern is a bullish formation that usually forms at the time of a upswing as a continuation pattern. Key characteristics that investors can look out for are trend patterns, duration and volume. In order for the pattern to be a continuation, an established pattern should exist. Since the pattern is bullish, the length and duration do not matter. What is important is the robustness of the formation. As mentioned, duration is not that important, but the average pattern lasts 1 to 2 month. As the pattern develops volume contracts and once the stock hits a break point, volume usually expands. The expansion confirms the breakout. This stock has been on a upswing, thus allowing investors to identify a resistance point. Investors may wan to consider going bearish on a breakpoint above the resistance point.
Shares of Twin Disc Inc (TWIN) traded higher by 8.36% or $2.83/share to $36.69. In the past year, the shares have traded as low as $10.39 and as high as $36.23. On average, 73950 shares of TWIN exchange hands on a given day and today's volume is recorded at 313624.
Shares of Morningstar Inc (MORN) fell by 1.98% or $-1.18/share to $58.42. In the past year, the shares have traded as low as $39.54 and as high as $60.94. On average, 72350 shares of MORN exchange hands on a given day and today's volume is recorded at 166802.
Shares of Carter's, Inc (CRI) fell by 2.25% or $-0.70/share to $30.38. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 709200 shares of CRI exchange hands on a given day and today's volume is recorded at 1796345.
Shares of Owens Corning (OC) fell by 1.74% or $-0.65/share to $36.67. In the past year, the shares have traded as low as $23.05 and as high as $38.87. On average, 1361860 shares of OC exchange hands on a given day and today's volume is recorded at 1928583.
Shares of Enerplus Corporation (ERF) fell by 0.86% or $-0.26/share to $30.14. In the past year, the shares have traded as low as $19.36 and as high as $32.46. On average, 776950 shares of ERF exchange hands on a given day and today's volume is recorded at 525167.
