These stocks, Eaton Vance Enhanced Equity Income Fund II, ATMI Inc, SEI Investments Co, MarketAxess Holdings Inc, and Freescale Semiconductor Holdings I, Ltd, have been showing ascending triangle patterns on January 4. 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 Eaton Vance Enhanced Equity Income Fund II (EOS) traded higher by 0.19% or $0.02/share to $10.3. In the past year, the shares have traded as low as $8.83 and as high as $11.72. On average, 216310 shares of EOS exchange hands on a given day and today's volume is recorded at 140471.
Shares of ATMI Inc (ATMI) fell by 0.83% or $-0.17/share to $20.37. In the past year, the shares have traded as low as $15.15 and as high as $21.48. On average, 147060 shares of ATMI exchange hands on a given day and today's volume is recorded at 78063.
Shares of SEI Investments Co (SEIC) fell by 0.39% or $-0.07/share to $17.43. In the past year, the shares have traded as low as $13.61 and as high as $24.53. On average, 1023530 shares of SEIC exchange hands on a given day and today's volume is recorded at 372613.
Shares of MarketAxess Holdings Inc (MKTX) traded higher by 1.85% or $0.54/share to $29.8. In the past year, the shares have traded as low as $19.24 and as high as $31.59. On average, 201280 shares of MKTX exchange hands on a given day and today's volume is recorded at 192560.
Shares of Freescale Semiconductor Holdings I, Ltd (FSL) fell by 0.92% or $-0.12/share to $12.87. In the past year, the shares have traded as low as $9.43 and as high as $20.97. On average, 754480 shares of FSL exchange hands on a given day and today's volume is recorded at 264357.
