These stocks, Enerplus Corporation, On Assignment Inc, TIM Participacoes S.A, Emergent BioSolutions, Inc, and Sara Lee Corp, have been showing ascending triangle patterns on August 2. 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 1.97% or $-0.62/share to $30.84. In the past year, the shares have traded as low as $20.25 and as high as $32.27. On average, 825010 shares of ERF exchange hands on a given day and today's volume is recorded at 645578.
Shares of On Assignment Inc (ASGN) fell by 4.24% or $-0.43/share to $9.72. In the past year, the shares have traded as low as $4.18 and as high as $11.67. On average, 185710 shares of ASGN exchange hands on a given day and today's volume is recorded at 153310.
Shares of TIM Participacoes S.A (TSU) fell by 0.82% or $-0.42/share to $50.64. In the past year, the shares have traded as low as $26.25 and as high as $51.27. On average, 750830 shares of TSU exchange hands on a given day and today's volume is recorded at 601705.
Shares of Emergent BioSolutions, Inc (EBS) fell by 2.53% or $-0.52/share to $20.0. In the past year, the shares have traded as low as $16.45 and as high as $26.41. On average, 251810 shares of EBS exchange hands on a given day and today's volume is recorded at 68338.
Shares of Sara Lee Corp (SLE) traded higher by 0.26% or $0.05/share to $19.19. In the past year, the shares have traded as low as $12.95 and as high as $20.00. On average, 5194830 shares of SLE exchange hands on a given day and today's volume is recorded at 5107344.
