These stocks, Marathon Oil Corporation, Beneficial Mutual Bancorp Inc, Apollo Global Management, LLC, Cytec Industries Inc, and INTL FCStone Inc, 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 Marathon Oil Corporation (MRO) remained unchanged at $30.96. In the past year, the shares have traded as low as $19.03 and as high as $34.58. On average, 7301370 shares of MRO exchange hands on a given day and today's volume is recorded at 5616299.
Shares of Beneficial Mutual Bancorp Inc (BNCL) fell by 0.11% or $-0.01/share to $8.73. In the past year, the shares have traded as low as $7.12 and as high as $9.35. On average, 81900 shares of BNCL exchange hands on a given day and today's volume is recorded at 37508.
Shares of Apollo Global Management, LLC (APO) fell by 0.61% or $-0.08/share to $12.97. In the past year, the shares have traded as low as $8.70 and as high as $18.14. On average, 233450 shares of APO exchange hands on a given day and today's volume is recorded at 68964.
Shares of Cytec Industries Inc (CYT) traded higher by 3.00% or $1.38/share to $47.33. In the past year, the shares have traded as low as $31.93 and as high as $59.66. On average, 667440 shares of CYT exchange hands on a given day and today's volume is recorded at 620083.
Shares of INTL FCStone Inc (INTL) fell by 1.07% or $-0.26/share to $24.11. In the past year, the shares have traded as low as $20.02 and as high as $27.25. On average, 48690 shares of INTL exchange hands on a given day and today's volume is recorded at 21315.
