These stocks, Enerplus Corporation, On Assignment Inc, TIM Participacoes S.A, Senior Housing Properties Trust, and Reed Elsevier plc, have been showing ascending triangle patterns on August 3. 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 2.58% or $-0.79/share to $29.83. In the past year, the shares have traded as low as $20.25 and as high as $32.27. On average, 822470 shares of ERF exchange hands on a given day and today's volume is recorded at 1331113.
Shares of On Assignment Inc (ASGN) fell by 0.31% or $-0.03/share to $9.76. In the past year, the shares have traded as low as $4.18 and as high as $11.67. On average, 184950 shares of ASGN exchange hands on a given day and today's volume is recorded at 191836.
Shares of TIM Participacoes S.A (TSU) fell by 0.10% or $-0.05/share to $50.22. In the past year, the shares have traded as low as $26.25 and as high as $51.32. On average, 756590 shares of TSU exchange hands on a given day and today's volume is recorded at 811895.
Shares of Senior Housing Properties Trust (SNH) fell by 2.20% or $-0.50/share to $22.21. In the past year, the shares have traded as low as $19.45 and as high as $24.64. On average, 1511660 shares of SNH exchange hands on a given day and today's volume is recorded at 1500703.
Shares of Reed Elsevier plc (RUK) fell by 0.86% or $-0.30/share to $34.07. In the past year, the shares have traded as low as $30.77 and as high as $37.28. On average, 30330 shares of RUK exchange hands on a given day and today's volume is recorded at 34630.
