These stocks, TICC Capital Corp, Eaton Vance Enhanced Equity Income Fund II, Cimarex Energy Co, First Busey Corporation, and NuStar Energy L.P, have been showing ascending triangle patterns on January 29. 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 TICC Capital Corp (TICC) fell by 0.73% or $-0.07/share to $9.52. In the past year, the shares have traded as low as $6.87 and as high as $11.80. On average, 201430 shares of TICC exchange hands on a given day and today's volume is recorded at 138297.
Shares of Eaton Vance Enhanced Equity Income Fund II (EOS) fell by 0.19% or $-0.02/share to $10.68. In the past year, the shares have traded as low as $8.75 and as high as $11.62. On average, 216660 shares of EOS exchange hands on a given day and today's volume is recorded at 199852.
Shares of Cimarex Energy Co (XEC) traded higher by 0.21% or $0.12/share to $57.65. In the past year, the shares have traded as low as $50.72 and as high as $117.46. On average, 1095800 shares of XEC exchange hands on a given day and today's volume is recorded at 687372.
Shares of First Busey Corporation (BUSE) traded higher by 1.56% or $0.08/share to $5.2. In the past year, the shares have traded as low as $3.70 and as high as $5.53. On average, 161600 shares of BUSE exchange hands on a given day and today's volume is recorded at 121649.
Shares of NuStar Energy L.P (NS) traded higher by 0.41% or $0.24/share to $58.8. In the past year, the shares have traded as low as $48.11 and as high as $67.16. On average, 344120 shares of NS exchange hands on a given day and today's volume is recorded at 198293.
