These stocks, Riverbed Technology, Inc, Wipro Ltd, Harsco Corporation, VanceInfo Technologies Inc, and BRF - Brasil Foods S.A, have been showing ascending triangle patterns on March 26. 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 Riverbed Technology, Inc (RVBD) traded higher by 2.10% or $0.58/share to $28.14. In the past year, the shares have traded as low as $18.33 and as high as $41.83. On average, 3727360 shares of RVBD exchange hands on a given day and today's volume is recorded at 1673705.
Shares of Wipro Ltd (WIT) traded higher by 0.56% or $0.06/share to $10.72. In the past year, the shares have traded as low as $8.60 and as high as $15.23. On average, 505920 shares of WIT exchange hands on a given day and today's volume is recorded at 230783.
Shares of Harsco Corporation (HSC) traded higher by 2.13% or $0.49/share to $23.48. In the past year, the shares have traded as low as $17.43 and as high as $35.63. On average, 735330 shares of HSC exchange hands on a given day and today's volume is recorded at 494759.
Shares of VanceInfo Technologies Inc (VIT) traded higher by 1.09% or $0.13/share to $12.01. In the past year, the shares have traded as low as $6.19 and as high as $34.90. On average, 326840 shares of VIT exchange hands on a given day and today's volume is recorded at 128668.
Shares of BRF - Brasil Foods S.A (BRFS) traded higher by 3.05% or $0.61/share to $20.6. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1723740 shares of BRFS exchange hands on a given day and today's volume is recorded at 1789248.
