These stocks, Harsco Corporation, Crosstex Energy Inc, Williams-Sonoma Inc, Cigna Corp, and Koninklijke Philips Electronics NV, 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 Harsco Corporation (HSC) traded higher by 0.70% or $0.16/share to $22.99. In the past year, the shares have traded as low as $17.43 and as high as $35.63. On average, 732570 shares of HSC exchange hands on a given day and today's volume is recorded at 384544.
Shares of Crosstex Energy Inc (XTXI) traded higher by 1.55% or $0.22/share to $14.38. In the past year, the shares have traded as low as $8.20 and as high as $15.06. On average, 229940 shares of XTXI exchange hands on a given day and today's volume is recorded at 206049.
Shares of Williams-Sonoma Inc (WSM) fell by 0.31% or $-0.12/share to $38.54. In the past year, the shares have traded as low as $27.61 and as high as $44.79. On average, 2953300 shares of WSM exchange hands on a given day and today's volume is recorded at 2209316.
Shares of Cigna Corp (CI) traded higher by 0.61% or $0.28/share to $45.84. In the past year, the shares have traded as low as $38.75 and as high as $52.90. On average, 3378580 shares of CI exchange hands on a given day and today's volume is recorded at 2449034.
Shares of Koninklijke Philips Electronics NV (PHG) fell by 0.74% or $-0.15/share to $20.18. In the past year, the shares have traded as low as $16.26 and as high as $31.84. On average, 1229460 shares of PHG exchange hands on a given day and today's volume is recorded at 1931515.
