These stocks, Crosstex Energy Inc, Williams-Sonoma Inc, VanceInfo Technologies Inc, Riverbed Technology, Inc, and Wipro Ltd, have been showing ascending triangle patterns on March 28. 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 Crosstex Energy Inc (XTXI) fell by 2.74% or $-0.39/share to $13.83. In the past year, the shares have traded as low as $8.20 and as high as $15.06. On average, 235440 shares of XTXI exchange hands on a given day and today's volume is recorded at 273709.
Shares of Williams-Sonoma Inc (WSM) fell by 1.95% or $-0.76/share to $38.16. In the past year, the shares have traded as low as $27.61 and as high as $44.79. On average, 2997310 shares of WSM exchange hands on a given day and today's volume is recorded at 995773.
Shares of VanceInfo Technologies Inc (VIT) fell by 2.55% or $-0.31/share to $11.84. In the past year, the shares have traded as low as $6.19 and as high as $34.90. On average, 320990 shares of VIT exchange hands on a given day and today's volume is recorded at 119705.
Shares of Riverbed Technology, Inc (RVBD) fell by 1.85% or $-0.51/share to $27.31. In the past year, the shares have traded as low as $18.33 and as high as $41.84. On average, 3724090 shares of RVBD exchange hands on a given day and today's volume is recorded at 1143080.
Shares of Wipro Ltd (WIT) fell by 1.21% or $-0.13/share to $10.59. In the past year, the shares have traded as low as $8.60 and as high as $15.23. On average, 504080 shares of WIT exchange hands on a given day and today's volume is recorded at 234397.
