These stocks, Enterprise Products Partners LP, Pearson plc, Carter's, Inc, The Mexico Fund, Inc, and Senior Housing Properties Trust, have been showing ascending triangle patterns on July 13. 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 Enterprise Products Partners LP (EPD) fell by 0.19% or $-0.08/share to $42.75. In the past year, the shares have traded as low as $33.93 and as high as $43.75. On average, 1178330 shares of EPD exchange hands on a given day and today's volume is recorded at 516542.
Shares of Pearson plc (PSO) traded higher by 1.83% or $0.34/share to $18.91. In the past year, the shares have traded as low as $13.47 and as high as $19.53. On average, 189750 shares of PSO exchange hands on a given day and today's volume is recorded at 89548.
Shares of Carter's, Inc (CRI) traded higher by 1.46% or $0.45/share to $31.19. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 731650 shares of CRI exchange hands on a given day and today's volume is recorded at 407005.
Shares of The Mexico Fund, Inc (MXF) traded higher by 1.58% or $0.42/share to $27.25. In the past year, the shares have traded as low as $20.09 and as high as $28.18. On average, 23270 shares of MXF exchange hands on a given day and today's volume is recorded at 57847.
Shares of Senior Housing Properties Trust (SNH) fell by 1.07% or $-0.25/share to $23.56. In the past year, the shares have traded as low as $19.32 and as high as $24.12. On average, 1455950 shares of SNH exchange hands on a given day and today's volume is recorded at 1090635.
