These stocks, Lifepoint Hospitals Inc, ManTech International Corporation, CMS Energy Corp, Kearny Financial Corp, and Wet Seal Inc, have been showing ascending triangle patterns on April 8. 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 Lifepoint Hospitals Inc (LPNT) fell by 0.76% or $-0.30/share to $39.19. In the past year, the shares have traded as low as $28.95 and as high as $43.45. On average, 359850 shares of LPNT exchange hands on a given day and today's volume is recorded at 80298.
Shares of ManTech International Corporation (MANT) fell by 1.16% or $-0.39/share to $33.29. In the past year, the shares have traded as low as $28.79 and as high as $45.40. On average, 187890 shares of MANT exchange hands on a given day and today's volume is recorded at 107347.
Shares of CMS Energy Corp (CMS) fell by 0.32% or $-0.07/share to $22.14. In the past year, the shares have traded as low as $16.60 and as high as $22.38. On average, 2694230 shares of CMS exchange hands on a given day and today's volume is recorded at 2664889.
Shares of Kearny Financial Corp (KRNY) fell by 0.31% or $-0.03/share to $9.7. In the past year, the shares have traded as low as $7.86 and as high as $10.21. On average, 17340 shares of KRNY exchange hands on a given day and today's volume is recorded at 3213.
Shares of Wet Seal Inc (WTSLA) fell by 5.67% or $-0.20/share to $3.33. In the past year, the shares have traded as low as $3.03 and as high as $5.23. On average, 1085620 shares of WTSLA exchange hands on a given day and today's volume is recorded at 789064.
