These stocks, Templeton Dragon Fund Inc, Office Depot, Inc, NuStar Energy L.P, Canadian National Railway Company, and DTS Inc, have been showing ascending triangle patterns on February 12. 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 Templeton Dragon Fund Inc (TDF) fell by 1.26% or $-0.36/share to $28.3. In the past year, the shares have traded as low as $22.08 and as high as $30.76. On average, 51010 shares of TDF exchange hands on a given day and today's volume is recorded at 29701.
Shares of Office Depot, Inc (ODP) fell by 5.08% or $-0.16/share to $2.99. In the past year, the shares have traded as low as $1.75 and as high as $6.18. On average, 3899430 shares of ODP exchange hands on a given day and today's volume is recorded at 4658005.
Shares of NuStar Energy L.P (NS) fell by 0.90% or $-0.52/share to $57.26. In the past year, the shares have traded as low as $47.21 and as high as $65.91. On average, 345780 shares of NS exchange hands on a given day and today's volume is recorded at 211019.
Shares of Canadian National Railway Company (CNI) fell by 1.71% or $-1.34/share to $77.13. In the past year, the shares have traded as low as $61.57 and as high as $80.55. On average, 838010 shares of CNI exchange hands on a given day and today's volume is recorded at 724613.
Shares of DTS Inc (DTSI) fell by 1.14% or $-0.33/share to $28.51. In the past year, the shares have traded as low as $20.93 and as high as $50.57. On average, 100630 shares of DTSI exchange hands on a given day and today's volume is recorded at 37620.
