These stocks, BRF - Brasil Foods S.A, TETRA Technologies Inc, Techne Corp, Unilever plc, and Wipro Ltd, have been showing ascending triangle patterns on March 29. 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 BRF - Brasil Foods S.A (BRFS) traded higher by 0.19% or $0.04/share to $20.61. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1769320 shares of BRFS exchange hands on a given day and today's volume is recorded at 1315428.
Shares of TETRA Technologies Inc (TTI) traded higher by 0.75% or $0.07/share to $9.45. In the past year, the shares have traded as low as $6.77 and as high as $16.00. On average, 513000 shares of TTI exchange hands on a given day and today's volume is recorded at 408530.
Shares of Techne Corp (TECH) fell by 0.32% or $-0.22/share to $70.07. In the past year, the shares have traded as low as $61.78 and as high as $85.40. On average, 123080 shares of TECH exchange hands on a given day and today's volume is recorded at 56061.
Shares of Unilever plc (UL) fell by 0.12% or $-0.04/share to $32.67. In the past year, the shares have traded as low as $28.85 and as high as $33.95. On average, 1066840 shares of UL exchange hands on a given day and today's volume is recorded at 667148.
Shares of Wipro Ltd (WIT) traded higher by 1.93% or $0.20/share to $10.81. In the past year, the shares have traded as low as $8.61 and as high as $15.23. On average, 502770 shares of WIT exchange hands on a given day and today's volume is recorded at 554025.
