These stocks, Superior Energy Services, Inc, Banco Bradesco S.A, HSN, Inc, BRF - Brasil Foods S.A, and Riverbed Technology, 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 Superior Energy Services, Inc (SPN) traded higher by 4.32% or $1.12/share to $27.03. In the past year, the shares have traded as low as $22.19 and as high as $42.87. On average, 3385530 shares of SPN exchange hands on a given day and today's volume is recorded at 4022580.
Shares of Banco Bradesco S.A (BBD) traded higher by 1.80% or $0.32/share to $18.08. In the past year, the shares have traded as low as $13.92 and as high as $21.19. On average, 7748120 shares of BBD exchange hands on a given day and today's volume is recorded at 7386334.
Shares of HSN, Inc (HSNI) traded higher by 0.64% or $0.24/share to $37.95. In the past year, the shares have traded as low as $27.36 and as high as $38.55. On average, 385220 shares of HSNI exchange hands on a given day and today's volume is recorded at 191821.
Shares of BRF - Brasil Foods S.A (BRFS) fell by 1.53% or $-0.31/share to $19.99. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1685410 shares of BRFS exchange hands on a given day and today's volume is recorded at 3069726.
Shares of Riverbed Technology, Inc (RVBD) traded higher by 0.51% or $0.14/share to $27.56. In the past year, the shares have traded as low as $18.33 and as high as $41.83. On average, 3713160 shares of RVBD exchange hands on a given day and today's volume is recorded at 2032632.
