These stocks, Interxion Holding NV, Southern Company, Enterprise Products Partners LP, Cass Information Systems Inc, and Sara Lee Corp, have been showing ascending triangle patterns on August 5. 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 Interxion Holding NV (INXN) traded higher by 0.71% or $0.10/share to $14.25. In the past year, the shares have traded as low as $12.11 and as high as $15.88. On average, 84070 shares of INXN exchange hands on a given day and today's volume is recorded at 109920.
Shares of Southern Company (SO) traded higher by 1.04% or $0.41/share to $39.69. In the past year, the shares have traded as low as $33.54 and as high as $40.39. On average, 3917040 shares of SO exchange hands on a given day and today's volume is recorded at 11786308.
Shares of Enterprise Products Partners LP (EPD) fell by 2.83% or $-1.15/share to $39.5. In the past year, the shares have traded as low as $33.45 and as high as $43.33. On average, 1121530 shares of EPD exchange hands on a given day and today's volume is recorded at 3731539.
Shares of Cass Information Systems Inc (CASS) traded higher by 1.28% or $0.46/share to $36.47. In the past year, the shares have traded as low as $31.66 and as high as $40.16. On average, 31320 shares of CASS exchange hands on a given day and today's volume is recorded at 10309.
Shares of Sara Lee Corp (SLE) traded higher by 0.98% or $0.18/share to $18.47. In the past year, the shares have traded as low as $12.95 and as high as $20.00. On average, 5296430 shares of SLE exchange hands on a given day and today's volume is recorded at 8050346.
