These stocks, Freescale Semiconductor Holdings I, Ltd, Intuit Inc, WisdomTree Middle East Dividend, Templeton Dragon Fund Inc, and iPath Optimized Currency Carry ETN, 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 Freescale Semiconductor Holdings I, Ltd (FSL) traded higher by 4.59% or $0.72/share to $16.41. In the past year, the shares have traded as low as $9.43 and as high as $20.97. On average, 800030 shares of FSL exchange hands on a given day and today's volume is recorded at 1655903.
Shares of Intuit Inc (INTU) fell by 0.24% or $-0.14/share to $57.35. In the past year, the shares have traded as low as $39.63 and as high as $58.06. On average, 2030170 shares of INTU exchange hands on a given day and today's volume is recorded at 1467476.
Shares of WisdomTree Middle East Dividend (GULF) fell by 0.28% or $-0.04/share to $14.44. In the past year, the shares have traded as low as $14.05 and as high as $16.55. On average, 5970 shares of GULF exchange hands on a given day and today's volume is recorded at 300.
Shares of Templeton Dragon Fund Inc (TDF) traded higher by 0.80% or $0.22/share to $27.55. In the past year, the shares have traded as low as $22.08 and as high as $30.76. On average, 50020 shares of TDF exchange hands on a given day and today's volume is recorded at 30774.
Shares of iPath Optimized Currency Carry ETN (ICI) traded higher by 0.24% or $0.11/share to $46.84. In the past year, the shares have traded as low as $43.38 and as high as $47.93. On average, 27580 shares of ICI exchange hands on a given day and today's volume is recorded at 24285.
