These stocks, Vanguard Consumer Staples ETF, Sara Lee Corp, Cass Information Systems Inc, UniSource Energy Corporation, and Inhibitex Inc, have been showing ascending triangle patterns on July 29. 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 Vanguard Consumer Staples ETF (VDC) fell by 0.10% or $-0.08/share to $79.14. In the past year, the shares have traded as low as $64.35 and as high as $81.90. On average, 73450 shares of VDC exchange hands on a given day and today's volume is recorded at 50983.
Shares of Sara Lee Corp (SLE) fell by 0.36% or $-0.07/share to $19.16. In the past year, the shares have traded as low as $12.95 and as high as $20.00. On average, 5165230 shares of SLE exchange hands on a given day and today's volume is recorded at 1723939.
Shares of Cass Information Systems Inc (CASS) traded higher by 1.17% or $0.43/share to $37.08. In the past year, the shares have traded as low as $31.67 and as high as $40.16. On average, 31710 shares of CASS exchange hands on a given day and today's volume is recorded at 19286.
Shares of UniSource Energy Corporation (UNS) fell by 0.86% or $-0.32/share to $36.92. In the past year, the shares have traded as low as $30.34 and as high as $38.55. On average, 219460 shares of UNS exchange hands on a given day and today's volume is recorded at 103688.
Shares of Inhibitex Inc (INHX) traded higher by 3.50% or $0.14/share to $4.14. In the past year, the shares have traded as low as $1.31 and as high as $5.23. On average, 482460 shares of INHX exchange hands on a given day and today's volume is recorded at 117891.
