These stocks, Superior Energy Services, Inc, Williams-Sonoma Inc, HSN, Inc, TETRA Technologies Inc, and Banco Bradesco S.A, have been showing ascending triangle patterns on March 26. 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) fell by 1.22% or $-0.33/share to $26.7. In the past year, the shares have traded as low as $22.19 and as high as $42.87. On average, 3425590 shares of SPN exchange hands on a given day and today's volume is recorded at 1975880.
Shares of Williams-Sonoma Inc (WSM) traded higher by 1.14% or $0.44/share to $38.98. In the past year, the shares have traded as low as $27.61 and as high as $44.80. On average, 2979540 shares of WSM exchange hands on a given day and today's volume is recorded at 1475957.
Shares of HSN, Inc (HSNI) traded higher by 1.45% or $0.55/share to $38.5. In the past year, the shares have traded as low as $27.36 and as high as $38.55. On average, 386480 shares of HSNI exchange hands on a given day and today's volume is recorded at 335845.
Shares of TETRA Technologies Inc (TTI) traded higher by 0.85% or $0.08/share to $9.5. In the past year, the shares have traded as low as $6.77 and as high as $16.00. On average, 506950 shares of TTI exchange hands on a given day and today's volume is recorded at 280060.
Shares of Banco Bradesco S.A (BBD) traded higher by 1.24% or $0.22/share to $18.31. In the past year, the shares have traded as low as $13.93 and as high as $21.19. On average, 7775960 shares of BBD exchange hands on a given day and today's volume is recorded at 3050710.
