These stocks, Cass Information Systems Inc, Interxion Holding NV, and ProShares UltraShort DJ-UBS Commodity, have been showing ascending triangle patterns on August 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 Cass Information Systems Inc (CASS) fell by 0.58% or $-0.21/share to $36.0. In the past year, the shares have traded as low as $31.67 and as high as $40.16. On average, 30500 shares of CASS exchange hands on a given day and today's volume is recorded at 23960.
Shares of Interxion Holding NV (INXN) fell by 6.05% or $-0.86/share to $13.36. In the past year, the shares have traded as low as $12.11 and as high as $15.88. On average, 83500 shares of INXN exchange hands on a given day and today's volume is recorded at 36124.
Shares of ProShares UltraShort DJ-UBS Commodity (CMD) traded higher by 3.67% or $1.78/share to $50.33. In the past year, the shares have traded as low as $39.32 and as high as $80.35. On average, 106240 shares of CMD exchange hands on a given day and today's volume is recorded at 26687.
