These stocks, Black Box Corp, Aspen Insurance Holdings Ltd, iPath Optimized Currency Carry ETN, iShares MSCI South Korea Index, and 3M Co, have been showing ascending triangle patterns on January 23. 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 Black Box Corp (BBOX) fell by 0.25% or $-0.08/share to $31.47. In the past year, the shares have traded as low as $19.76 and as high as $31.70. On average, 73650 shares of BBOX exchange hands on a given day and today's volume is recorded at 21862.
Shares of Aspen Insurance Holdings Ltd (AHL) fell by 1.56% or $-0.42/share to $26.45. In the past year, the shares have traded as low as $21.87 and as high as $30.88. On average, 447120 shares of AHL exchange hands on a given day and today's volume is recorded at 142489.
Shares of iPath Optimized Currency Carry ETN (ICI) fell by 0.19% or $-0.09/share to $46.35. In the past year, the shares have traded as low as $43.38 and as high as $47.93. On average, 31050 shares of ICI exchange hands on a given day and today's volume is recorded at 22232.
Shares of iShares MSCI South Korea Index (EWY) traded higher by 1.43% or $0.81/share to $57.57. In the past year, the shares have traded as low as $44.34 and as high as $69.10. On average, 2830340 shares of EWY exchange hands on a given day and today's volume is recorded at 2078945.
Shares of 3M Co (MMM) fell by 0.02% or $-0.02/share to $85.64. In the past year, the shares have traded as low as $68.15 and as high as $96.86. On average, 4252300 shares of MMM exchange hands on a given day and today's volume is recorded at 2875410.
