These stocks, Carter's, Inc, Pearson plc, Reed Elsevier plc, The Mexico Fund, Inc, and Enterprise Products Partners LP, have been showing ascending triangle patterns on July 21. 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 1.67% or $0.55/share to $33.39. In the past year, the shares have traded as low as $22.19 and as high as $33.74. On average, 768810 shares of CRI exchange hands on a given day and today's volume is recorded at 177787.
Shares of Pearson plc (PSO) traded higher by 1.45% or $0.27/share to $18.83. In the past year, the shares have traded as low as $13.61 and as high as $19.53. On average, 183760 shares of PSO exchange hands on a given day and today's volume is recorded at 594766.
Shares of Reed Elsevier plc (RUK) traded higher by 2.43% or $0.87/share to $36.67. In the past year, the shares have traded as low as $29.91 and as high as $37.28. On average, 32090 shares of RUK exchange hands on a given day and today's volume is recorded at 54704.
Shares of The Mexico Fund, Inc (MXF) traded higher by 2.09% or $0.56/share to $27.35. In the past year, the shares have traded as low as $20.09 and as high as $28.18. On average, 22690 shares of MXF exchange hands on a given day and today's volume is recorded at 54530.
Shares of Enterprise Products Partners LP (EPD) traded higher by 1.46% or $0.63/share to $43.8. In the past year, the shares have traded as low as $33.93 and as high as $43.87. On average, 1163230 shares of EPD exchange hands on a given day and today's volume is recorded at 793750.
