These stocks, Enterprise Products Partners LP, The Mexico Fund, Inc, Emergent BioSolutions, Inc, Senior Housing Properties Trust, and Brookfield Asset Management 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 Enterprise Products Partners LP (EPD) traded higher by 0.25% or $0.11/share to $42.85. In the past year, the shares have traded as low as $33.93 and as high as $43.74. On average, 1172810 shares of EPD exchange hands on a given day and today's volume is recorded at 557320.
Shares of The Mexico Fund, Inc (MXF) fell by 0.15% or $-0.04/share to $27.17. In the past year, the shares have traded as low as $20.09 and as high as $28.18. On average, 24180 shares of MXF exchange hands on a given day and today's volume is recorded at 20529.
Shares of Emergent BioSolutions, Inc (EBS) fell by 1.94% or $-0.44/share to $22.19. In the past year, the shares have traded as low as $16.45 and as high as $26.41. On average, 248530 shares of EBS exchange hands on a given day and today's volume is recorded at 126636.
Shares of Senior Housing Properties Trust (SNH) fell by 0.38% or $-0.09/share to $23.41. In the past year, the shares have traded as low as $19.32 and as high as $24.12. On average, 1465230 shares of SNH exchange hands on a given day and today's volume is recorded at 870222.
Shares of Brookfield Asset Management Inc (BAM) fell by 0.88% or $-0.29/share to $32.64. In the past year, the shares have traded as low as $22.96 and as high as $34.23. On average, 785890 shares of BAM exchange hands on a given day and today's volume is recorded at 337860.
