These stocks, Enerplus Corporation, Banco Latinoamericano de Comercio Exterior, S.A, Emergent BioSolutions, Inc, Enterprise Products Partners LP, and Armstrong World Industries, Inc, have been showing ascending triangle patterns on July 8. 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 Enerplus Corporation (ERF) fell by 0.75% or $-0.24/share to $31.59. In the past year, the shares have traded as low as $19.96 and as high as $32.27. On average, 803980 shares of ERF exchange hands on a given day and today's volume is recorded at 493034.
Shares of Banco Latinoamericano de Comercio Exterior, S.A (BLX) traded higher by 0.39% or $0.07/share to $18.04. In the past year, the shares have traded as low as $11.47 and as high as $18.61. On average, 93610 shares of BLX exchange hands on a given day and today's volume is recorded at 29204.
Shares of Emergent BioSolutions, Inc (EBS) fell by 2.17% or $-0.48/share to $21.65. In the past year, the shares have traded as low as $14.86 and as high as $26.41. On average, 241000 shares of EBS exchange hands on a given day and today's volume is recorded at 168985.
Shares of Enterprise Products Partners LP (EPD) fell by 0.39% or $-0.17/share to $43.23. In the past year, the shares have traded as low as $33.93 and as high as $43.75. On average, 1233740 shares of EPD exchange hands on a given day and today's volume is recorded at 451764.
Shares of Armstrong World Industries, Inc (AWI) fell by 1.52% or $-0.72/share to $46.76. In the past year, the shares have traded as low as $23.12 and as high as $48.68. On average, 238230 shares of AWI exchange hands on a given day and today's volume is recorded at 55442.
