These stocks, Unilever plc, ManTech International Corporation, Crosstex Energy Inc, Lifepoint Hospitals Inc, and TETRA Technologies Inc, have been showing ascending triangle patterns on March 27. 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 Unilever plc (UL) fell by 0.30% or $-0.10/share to $33.07. In the past year, the shares have traded as low as $28.85 and as high as $33.95. On average, 1066900 shares of UL exchange hands on a given day and today's volume is recorded at 383852.
Shares of ManTech International Corporation (MANT) fell by 1.31% or $-0.46/share to $34.73. In the past year, the shares have traded as low as $28.78 and as high as $45.40. On average, 186110 shares of MANT exchange hands on a given day and today's volume is recorded at 120055.
Shares of Crosstex Energy Inc (XTXI) fell by 1.64% or $-0.24/share to $14.41. In the past year, the shares have traded as low as $8.20 and as high as $15.06. On average, 233970 shares of XTXI exchange hands on a given day and today's volume is recorded at 178168.
Shares of Lifepoint Hospitals Inc (LPNT) fell by 1.57% or $-0.63/share to $39.55. In the past year, the shares have traded as low as $28.95 and as high as $43.45. On average, 364690 shares of LPNT exchange hands on a given day and today's volume is recorded at 196875.
Shares of TETRA Technologies Inc (TTI) traded higher by 1.16% or $0.11/share to $9.6. In the past year, the shares have traded as low as $6.77 and as high as $16.00. On average, 506880 shares of TTI exchange hands on a given day and today's volume is recorded at 492173.
