These stocks, Carter's, Inc, Owens Corning, Twin Disc Inc, McGrath Rentcorp, and Enerplus Corporation, have been showing ascending triangle patterns on June 27. 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 Carter's, Inc (CRI) fell by 0.72% or $-0.22/share to $30.16. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 729360 shares of CRI exchange hands on a given day and today's volume is recorded at 752429.
Shares of Owens Corning (OC) fell by 0.16% or $-0.06/share to $36.61. In the past year, the shares have traded as low as $23.05 and as high as $38.87. On average, 1366780 shares of OC exchange hands on a given day and today's volume is recorded at 854528.
Shares of Twin Disc Inc (TWIN) fell by 1.14% or $-0.42/share to $36.27. In the past year, the shares have traded as low as $10.39 and as high as $36.76. On average, 79290 shares of TWIN exchange hands on a given day and today's volume is recorded at 108019.
Shares of McGrath Rentcorp (MGRC) traded higher by 2.04% or $0.55/share to $27.56. In the past year, the shares have traded as low as $19.41 and as high as $28.73. On average, 55970 shares of MGRC exchange hands on a given day and today's volume is recorded at 35369.
Shares of Enerplus Corporation (ERF) traded higher by 0.10% or $0.03/share to $30.17. In the past year, the shares have traded as low as $19.36 and as high as $32.47. On average, 776880 shares of ERF exchange hands on a given day and today's volume is recorded at 448444.
