These stocks, Nasdaq OMX Group Inc, VanceInfo Technologies Inc, NICE Systems Ltd, Wipro Ltd, and L-3 Communications Holdings Inc, have been showing ascending triangle patterns on March 25. 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 Nasdaq OMX Group Inc (NDAQ) fell by 0.89% or $-0.24/share to $26.64. In the past year, the shares have traded as low as $20.32 and as high as $29.50. On average, 1604100 shares of NDAQ exchange hands on a given day and today's volume is recorded at 1446493.
Shares of VanceInfo Technologies Inc (VIT) traded higher by 0.68% or $0.08/share to $11.88. In the past year, the shares have traded as low as $6.19 and as high as $34.90. On average, 327270 shares of VIT exchange hands on a given day and today's volume is recorded at 114734.
Shares of NICE Systems Ltd (NICE) fell by 0.05% or $-0.02/share to $37.53. In the past year, the shares have traded as low as $27.17 and as high as $38.49. On average, 231420 shares of NICE exchange hands on a given day and today's volume is recorded at 148769.
Shares of Wipro Ltd (WIT) traded higher by 0.19% or $0.02/share to $10.66. In the past year, the shares have traded as low as $8.60 and as high as $15.23. On average, 503370 shares of WIT exchange hands on a given day and today's volume is recorded at 385522.
Shares of L-3 Communications Holdings Inc (LLL) fell by 0.06% or $-0.04/share to $69.56. In the past year, the shares have traded as low as $57.51 and as high as $86.78. On average, 693690 shares of LLL exchange hands on a given day and today's volume is recorded at 781511.
