These stocks, Freescale Semiconductor Holdings I, Ltd, Enstar Group Limited, Blackrock MuniYield Fund, Inc, and ECA Marcellus Trust I, have been showing ascending triangle patterns on December 13. 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 Freescale Semiconductor Holdings I, Ltd (FSL) fell by 4.15% or $-0.55/share to $12.71. In the past year, the shares have traded as low as $9.43 and as high as $20.97. On average, 786410 shares of FSL exchange hands on a given day and today's volume is recorded at 1751672.
Shares of Enstar Group Limited (ESGR) traded higher by 0.77% or $0.75/share to $98.7. In the past year, the shares have traded as low as $80.20 and as high as $114.55. On average, 20570 shares of ESGR exchange hands on a given day and today's volume is recorded at 3487.
Shares of Blackrock MuniYield Fund, Inc (MYD) fell by 0.28% or $-0.04/share to $14.45. In the past year, the shares have traded as low as $11.34 and as high as $14.65. On average, 66870 shares of MYD exchange hands on a given day and today's volume is recorded at 31416.
Shares of ECA Marcellus Trust I (ECT) fell by 1.34% or $-0.33/share to $24.35. In the past year, the shares have traded as low as $21.47 and as high as $30.82. On average, 65230 shares of ECT exchange hands on a given day and today's volume is recorded at 41104.
