These stocks, Crosstex Energy Inc, VanceInfo Technologies Inc, Harsco Corporation, Superior Energy Services, Inc, and HSN, Inc, 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 Crosstex Energy Inc (XTXI) fell by 0.29% or $-0.04/share to $13.86. In the past year, the shares have traded as low as $8.20 and as high as $15.06. On average, 237960 shares of XTXI exchange hands on a given day and today's volume is recorded at 154532.
Shares of VanceInfo Technologies Inc (VIT) traded higher by 1.18% or $0.14/share to $12.0. In the past year, the shares have traded as low as $6.19 and as high as $34.90. On average, 320140 shares of VIT exchange hands on a given day and today's volume is recorded at 125132.
Shares of Harsco Corporation (HSC) fell by 0.93% or $-0.22/share to $23.54. In the past year, the shares have traded as low as $17.43 and as high as $35.63. On average, 750980 shares of HSC exchange hands on a given day and today's volume is recorded at 606672.
Shares of Superior Energy Services, Inc (SPN) remained unchanged at $26.12. In the past year, the shares have traded as low as $22.19 and as high as $42.87. On average, 3464050 shares of SPN exchange hands on a given day and today's volume is recorded at 2056997.
Shares of HSN, Inc (HSNI) fell by 1.35% or $-0.52/share to $38.04. In the past year, the shares have traded as low as $27.36 and as high as $38.79. On average, 394790 shares of HSNI exchange hands on a given day and today's volume is recorded at 369756.
