These stocks, iShares Barclays TIPS Bond, Eaton Vance Enhanced Equity Income Fund II, Superior Energy Services, Inc, Guangshen Railway Co. Ltd, and Templeton Dragon Fund Inc, 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 iShares Barclays TIPS Bond (TIP) fell by 0.20% or $-0.23/share to $116.71. In the past year, the shares have traded as low as $100.64 and as high as $118.13. On average, 844350 shares of TIP exchange hands on a given day and today's volume is recorded at 684925.
Shares of Eaton Vance Enhanced Equity Income Fund II (EOS) traded higher by 0.19% or $0.02/share to $10.63. In the past year, the shares have traded as low as $8.75 and as high as $11.62. On average, 214350 shares of EOS exchange hands on a given day and today's volume is recorded at 262150.
Shares of Superior Energy Services, Inc (SPN) fell by 2.88% or $-0.79/share to $26.61. In the past year, the shares have traded as low as $22.19 and as high as $42.87. On average, 2615400 shares of SPN exchange hands on a given day and today's volume is recorded at 3590151.
Shares of Guangshen Railway Co. Ltd (GSH) traded higher by 0.17% or $0.03/share to $18.2. In the past year, the shares have traded as low as $13.82 and as high as $21.67. On average, 28940 shares of GSH exchange hands on a given day and today's volume is recorded at 7490.
Shares of Templeton Dragon Fund Inc (TDF) traded higher by 1.03% or $0.28/share to $27.68. In the past year, the shares have traded as low as $22.08 and as high as $30.76. On average, 52570 shares of TDF exchange hands on a given day and today's volume is recorded at 31577.
