These stocks, Techne Corp, Cigna Corp, Superior Energy Services, Inc, Accretive Health, Inc, and ManTech International Corporation, 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 Techne Corp (TECH) fell by 0.40% or $-0.28/share to $70.08. In the past year, the shares have traded as low as $61.78 and as high as $85.40. On average, 122920 shares of TECH exchange hands on a given day and today's volume is recorded at 42675.
Shares of Cigna Corp (CI) fell by 0.87% or $-0.41/share to $46.75. In the past year, the shares have traded as low as $38.75 and as high as $52.90. On average, 3412340 shares of CI exchange hands on a given day and today's volume is recorded at 2295842.
Shares of Superior Energy Services, Inc (SPN) fell by 0.42% or $-0.11/share to $26.11. In the past year, the shares have traded as low as $22.19 and as high as $42.87. On average, 3436090 shares of SPN exchange hands on a given day and today's volume is recorded at 2187465.
Shares of Accretive Health, Inc (AH) fell by 1.28% or $-0.31/share to $23.9. In the past year, the shares have traded as low as $19.31 and as high as $32.82. On average, 356620 shares of AH exchange hands on a given day and today's volume is recorded at 142701.
Shares of ManTech International Corporation (MANT) fell by 1.10% or $-0.38/share to $34.23. In the past year, the shares have traded as low as $28.78 and as high as $45.40. On average, 186980 shares of MANT exchange hands on a given day and today's volume is recorded at 66889.
