These stocks, Compagnie G, ECA Marcellus Trust I, Baytex Energy Corp, Kearny Financial Corp, and Black Box Corp, have been showing ascending triangle patterns on January 9. 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 Compagnie G (CGV) traded higher by 0.74% or $0.18/share to $24.51. In the past year, the shares have traded as low as $15.08 and as high as $38.12. On average, 115140 shares of CGV exchange hands on a given day and today's volume is recorded at 47384.
Shares of ECA Marcellus Trust I (ECT) fell by 10.82% or $-2.84/share to $23.4. In the past year, the shares have traded as low as $21.47 and as high as $30.82. On average, 77630 shares of ECT exchange hands on a given day and today's volume is recorded at 508486.
Shares of Baytex Energy Corp (BTE) traded higher by 0.75% or $0.42/share to $56.27. In the past year, the shares have traded as low as $36.46 and as high as $60.03. On average, 283810 shares of BTE exchange hands on a given day and today's volume is recorded at 146851.
Shares of Kearny Financial Corp (KRNY) fell by 0.32% or $-0.03/share to $9.47. In the past year, the shares have traded as low as $7.90 and as high as $10.26. On average, 33180 shares of KRNY exchange hands on a given day and today's volume is recorded at 5933.
Shares of Black Box Corp (BBOX) fell by 0.28% or $-0.08/share to $28.67. In the past year, the shares have traded as low as $19.75 and as high as $29.89. On average, 73620 shares of BBOX exchange hands on a given day and today's volume is recorded at 52149.
