These stocks, Armstrong World Industries, Inc, Enterprise Products Partners LP, Carter's, Inc, Senior Housing Properties Trust, and Gulf Island Fabrication Inc, have been showing ascending triangle patterns on July 17. 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 Armstrong World Industries, Inc (AWI) fell by 0.81% or $-0.36/share to $44.26. In the past year, the shares have traded as low as $23.55 and as high as $48.68. On average, 232410 shares of AWI exchange hands on a given day and today's volume is recorded at 207235.
Shares of Enterprise Products Partners LP (EPD) traded higher by 0.47% or $0.20/share to $43.01. In the past year, the shares have traded as low as $33.93 and as high as $43.74. On average, 1166760 shares of EPD exchange hands on a given day and today's volume is recorded at 913047.
Shares of Carter's, Inc (CRI) traded higher by 3.68% or $1.15/share to $32.38. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 745620 shares of CRI exchange hands on a given day and today's volume is recorded at 698162.
Shares of Senior Housing Properties Trust (SNH) traded higher by 1.11% or $0.26/share to $23.67. In the past year, the shares have traded as low as $19.32 and as high as $24.12. On average, 1465340 shares of SNH exchange hands on a given day and today's volume is recorded at 1243574.
Shares of Gulf Island Fabrication Inc (GIFI) traded higher by 2.69% or $0.89/share to $33.97. In the past year, the shares have traded as low as $14.41 and as high as $35.78. On average, 82740 shares of GIFI exchange hands on a given day and today's volume is recorded at 63686.
