These stocks, Enerplus Corporation, Twin Disc Inc, Carter's, Inc, McGrath Rentcorp, and Emergent BioSolutions, Inc, have been showing ascending triangle patterns on June 23. 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 Enerplus Corporation (ERF) fell by 2.82% or $-0.87/share to $29.98. In the past year, the shares have traded as low as $19.36 and as high as $32.46. On average, 767210 shares of ERF exchange hands on a given day and today's volume is recorded at 754205.
Shares of Twin Disc Inc (TWIN) traded higher by 0.15% or $0.05/share to $33.37. In the past year, the shares have traded as low as $10.39 and as high as $36.24. On average, 74140 shares of TWIN exchange hands on a given day and today's volume is recorded at 33317.
Shares of Carter's, Inc (CRI) traded higher by 0.93% or $0.28/share to $30.55. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 694640 shares of CRI exchange hands on a given day and today's volume is recorded at 912168.
Shares of McGrath Rentcorp (MGRC) fell by 0.82% or $-0.22/share to $26.61. In the past year, the shares have traded as low as $19.41 and as high as $28.73. On average, 53970 shares of MGRC exchange hands on a given day and today's volume is recorded at 30698.
Shares of Emergent BioSolutions, Inc (EBS) traded higher by 0.37% or $0.08/share to $21.95. In the past year, the shares have traded as low as $14.86 and as high as $26.41. On average, 233230 shares of EBS exchange hands on a given day and today's volume is recorded at 120616.
