These stocks, Williams-Sonoma Inc, ManTech International Corporation, Riverbed Technology, Inc, L-3 Communications Holdings Inc, and Cigna Corp, 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 Williams-Sonoma Inc (WSM) fell by 1.33% or $-0.51/share to $37.75. In the past year, the shares have traded as low as $27.61 and as high as $44.80. On average, 3006990 shares of WSM exchange hands on a given day and today's volume is recorded at 2797858.
Shares of ManTech International Corporation (MANT) fell by 0.12% or $-0.04/share to $34.29. In the past year, the shares have traded as low as $28.78 and as high as $45.40. On average, 186770 shares of MANT exchange hands on a given day and today's volume is recorded at 288508.
Shares of Riverbed Technology, Inc (RVBD) traded higher by 2.88% or $0.79/share to $28.19. In the past year, the shares have traded as low as $18.33 and as high as $41.83. On average, 3721600 shares of RVBD exchange hands on a given day and today's volume is recorded at 1997949.
Shares of L-3 Communications Holdings Inc (LLL) fell by 0.23% or $-0.16/share to $70.8. In the past year, the shares have traded as low as $57.51 and as high as $86.78. On average, 709830 shares of LLL exchange hands on a given day and today's volume is recorded at 302591.
Shares of Cigna Corp (CI) traded higher by 3.77% or $1.77/share to $48.85. In the past year, the shares have traded as low as $38.75 and as high as $52.90. On average, 3430660 shares of CI exchange hands on a given day and today's volume is recorded at 6609187.
