These stocks, Carter's, Inc, NV Energy, Inc, Enerplus Corporation, Gulf Island Fabrication Inc, and Armstrong World Industries, Inc, have been showing ascending triangle patterns on July 14. 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) traded higher by 0.10% or $0.03/share to $31.27. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 741620 shares of CRI exchange hands on a given day and today's volume is recorded at 318153.
Shares of NV Energy, Inc (NVE) fell by 0.78% or $-0.12/share to $15.18. In the past year, the shares have traded as low as $11.92 and as high as $15.91. On average, 1838750 shares of NVE exchange hands on a given day and today's volume is recorded at 953130.
Shares of Enerplus Corporation (ERF) fell by 1.23% or $-0.38/share to $30.71. In the past year, the shares have traded as low as $19.96 and as high as $32.28. On average, 810240 shares of ERF exchange hands on a given day and today's volume is recorded at 461167.
Shares of Gulf Island Fabrication Inc (GIFI) traded higher by 0.12% or $0.04/share to $32.97. In the past year, the shares have traded as low as $14.41 and as high as $35.78. On average, 83110 shares of GIFI exchange hands on a given day and today's volume is recorded at 31090.
Shares of Armstrong World Industries, Inc (AWI) fell by 1.52% or $-0.69/share to $44.56. In the past year, the shares have traded as low as $23.55 and as high as $48.68. On average, 231980 shares of AWI exchange hands on a given day and today's volume is recorded at 90308.
