These stocks, ATMI Inc, SEI Investments Co, Marathon Oil Corporation, SPDR S&P Dividend, and ECA Marcellus Trust I, have been showing ascending triangle patterns on December 28. 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 ATMI Inc (ATMI) fell by 2.51% or $-0.52/share to $20.21. In the past year, the shares have traded as low as $15.15 and as high as $21.48. On average, 150300 shares of ATMI exchange hands on a given day and today's volume is recorded at 62813.
Shares of SEI Investments Co (SEIC) fell by 2.13% or $-0.37/share to $16.99. In the past year, the shares have traded as low as $13.61 and as high as $24.53. On average, 1074270 shares of SEIC exchange hands on a given day and today's volume is recorded at 262457.
Shares of Marathon Oil Corporation (MRO) fell by 1.50% or $-0.44/share to $28.9. In the past year, the shares have traded as low as $19.03 and as high as $34.59. On average, 7474260 shares of MRO exchange hands on a given day and today's volume is recorded at 3438773.
Shares of SPDR S&P Dividend (SDY) fell by 0.99% or $-0.54/share to $53.76. In the past year, the shares have traded as low as $44.90 and as high as $54.41. On average, 1484100 shares of SDY exchange hands on a given day and today's volume is recorded at 544265.
Shares of ECA Marcellus Trust I (ECT) fell by 1.21% or $-0.30/share to $24.42. In the past year, the shares have traded as low as $21.47 and as high as $30.82. On average, 70550 shares of ECT exchange hands on a given day and today's volume is recorded at 48349.
