These stocks, Carter's, Inc, Owens Corning, Senior Housing Properties Trust, and NSTAR, have been showing ascending triangle patterns on July 8. 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 1.78% or $-0.57/share to $31.41. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 727120 shares of CRI exchange hands on a given day and today's volume is recorded at 232677.
Shares of Owens Corning (OC) fell by 1.06% or $-0.40/share to $37.19. In the past year, the shares have traded as low as $23.05 and as high as $38.94. On average, 1411180 shares of OC exchange hands on a given day and today's volume is recorded at 1150679.
Shares of Senior Housing Properties Trust (SNH) traded higher by 0.38% or $0.09/share to $23.62. In the past year, the shares have traded as low as $18.98 and as high as $24.12. On average, 1441270 shares of SNH exchange hands on a given day and today's volume is recorded at 748127.
Shares of NSTAR (NST) fell by 0.37% or $-0.17/share to $46.18. In the past year, the shares have traded as low as $34.47 and as high as $47.02. On average, 297430 shares of NST exchange hands on a given day and today's volume is recorded at 90455.
