These stocks, Valhi, Inc, Unilever plc, Peet's Coffee & Tea, Inc, Enstar Group Limited, and Guangshen Railway Co. Ltd, 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 Valhi, Inc (VHI) traded higher by 0.39% or $0.22/share to $57.1. In the past year, the shares have traded as low as $19.54 and as high as $64.95. On average, 23050 shares of VHI exchange hands on a given day and today's volume is recorded at 31724.
Shares of Unilever plc (UL) fell by 0.52% or $-0.17/share to $32.43. In the past year, the shares have traded as low as $27.63 and as high as $34.26. On average, 1071750 shares of UL exchange hands on a given day and today's volume is recorded at 1247078.
Shares of Peet's Coffee & Tea, Inc (PEET) traded higher by 0.35% or $0.24/share to $67.94. In the past year, the shares have traded as low as $40.40 and as high as $69.97. On average, 117690 shares of PEET exchange hands on a given day and today's volume is recorded at 82105.
Shares of Enstar Group Limited (ESGR) fell by 0.94% or $-0.92/share to $97.01. In the past year, the shares have traded as low as $80.58 and as high as $114.56. On average, 14930 shares of ESGR exchange hands on a given day and today's volume is recorded at 8210.
Shares of Guangshen Railway Co. Ltd (GSH) fell by 1.66% or $-0.32/share to $18.91. In the past year, the shares have traded as low as $13.82 and as high as $21.67. On average, 25300 shares of GSH exchange hands on a given day and today's volume is recorded at 30223.
