These stocks, First Busey Corporation, Enstar Group Limited, ECA Marcellus Trust I, BCE, Inc, and Freescale Semiconductor Holdings I, Ltd, have been showing ascending triangle patterns on December 15. 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 First Busey Corporation (BUSE) traded higher by 2.37% or $0.12/share to $5.18. In the past year, the shares have traded as low as $3.73 and as high as $5.57. On average, 212980 shares of BUSE exchange hands on a given day and today's volume is recorded at 145552.
Shares of Enstar Group Limited (ESGR) traded higher by 0.06% or $0.06/share to $98.49. In the past year, the shares have traded as low as $80.20 and as high as $114.56. On average, 20980 shares of ESGR exchange hands on a given day and today's volume is recorded at 4806.
Shares of ECA Marcellus Trust I (ECT) traded higher by 0.34% or $0.08/share to $23.62. In the past year, the shares have traded as low as $21.47 and as high as $30.82. On average, 67770 shares of ECT exchange hands on a given day and today's volume is recorded at 53616.
Shares of BCE, Inc (BCE) traded higher by 0.59% or $0.23/share to $39.11. In the past year, the shares have traded as low as $32.67 and as high as $40.04. On average, 697270 shares of BCE exchange hands on a given day and today's volume is recorded at 727627.
Shares of Freescale Semiconductor Holdings I, Ltd (FSL) traded higher by 0.16% or $0.02/share to $12.16. In the past year, the shares have traded as low as $9.43 and as high as $20.97. On average, 808890 shares of FSL exchange hands on a given day and today's volume is recorded at 330555.
