These stocks, Enterprise Products Partners LP, PIMCO Municipal Income Fund III, McGrath Rentcorp, Senior Housing Properties Trust, and Armstrong World Industries, Inc, have been showing ascending triangle patterns on July 5. 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 0.07% or $-0.03/share to $43.3. In the past year, the shares have traded as low as $32.68 and as high as $43.75. On average, 1228500 shares of EPD exchange hands on a given day and today's volume is recorded at 495538.
Shares of PIMCO Municipal Income Fund III (PMX) traded higher by 1.04% or $0.11/share to $10.71. In the past year, the shares have traded as low as $9.00 and as high as $11.35. On average, 74300 shares of PMX exchange hands on a given day and today's volume is recorded at 67717.
Shares of McGrath Rentcorp (MGRC) fell by 1.50% or $-0.43/share to $28.28. In the past year, the shares have traded as low as $19.41 and as high as $28.90. On average, 54030 shares of MGRC exchange hands on a given day and today's volume is recorded at 19918.
Shares of Senior Housing Properties Trust (SNH) fell by 0.38% or $-0.09/share to $23.75. In the past year, the shares have traded as low as $18.09 and as high as $24.50. On average, 1416000 shares of SNH exchange hands on a given day and today's volume is recorded at 1200216.
Shares of Armstrong World Industries, Inc (AWI) traded higher by 0.23% or $0.11/share to $47.1. In the past year, the shares have traded as low as $21.06 and as high as $48.37. On average, 233930 shares of AWI exchange hands on a given day and today's volume is recorded at 117429.
