These stocks, SPDR S&P Oil & Gas Equipment & Services, FelCor Lodging Trust Inc, American National Insurance Co, Aegerion Pharmaceuticals, Inc, and Consolidated Communications Holdings 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 SPDR S&P Oil & Gas Equipment & Services (XES) fell by 0.98% or $-0.37/share to $37.51. In the past year, the shares have traded as low as $25.56 and as high as $44.54. On average, 239930 shares of XES exchange hands on a given day and today's volume is recorded at 49578.
Shares of FelCor Lodging Trust Inc (FCH) fell by 4.17% or $-0.18/share to $4.14. In the past year, the shares have traded as low as $1.91 and as high as $8.05. On average, 1007630 shares of FCH exchange hands on a given day and today's volume is recorded at 545580.
Shares of American National Insurance Co (ANAT) fell by 0.25% or $-0.19/share to $74.6. In the past year, the shares have traded as low as $64.99 and as high as $82.53. On average, 16970 shares of ANAT exchange hands on a given day and today's volume is recorded at 8294.
Shares of Aegerion Pharmaceuticals, Inc (AEGR) fell by 1.96% or $-0.33/share to $16.51. In the past year, the shares have traded as low as $11.80 and as high as $25.92. On average, 78880 shares of AEGR exchange hands on a given day and today's volume is recorded at 32094.
Shares of Consolidated Communications Holdings Inc (CNSL) fell by 1.00% or $-0.19/share to $18.8. In the past year, the shares have traded as low as $15.88 and as high as $19.25. On average, 148550 shares of CNSL exchange hands on a given day and today's volume is recorded at 136930.
