These stocks, Kansas City Southern, TETRA Technologies Inc, Smart Balance, Inc, iShares S&P Global Materials, and CAE Inc, have been showing ascending triangle patterns on April 23. 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 Kansas City Southern (KSU) fell by 1.04% or $-0.74/share to $70.67. In the past year, the shares have traded as low as $45.51 and as high as $74.77. On average, 991480 shares of KSU exchange hands on a given day and today's volume is recorded at 1343986.
Shares of TETRA Technologies Inc (TTI) traded higher by 3.56% or $0.28/share to $8.15. In the past year, the shares have traded as low as $6.77 and as high as $15.10. On average, 603470 shares of TTI exchange hands on a given day and today's volume is recorded at 654516.
Shares of Smart Balance, Inc (SMBL) fell by 5.22% or $-0.33/share to $5.99. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 342390 shares of SMBL exchange hands on a given day and today's volume is recorded at 354625.
Shares of iShares S&P Global Materials (MXI) fell by 2.34% or $-1.45/share to $60.66. In the past year, the shares have traded as low as $49.86 and as high as $76.93. On average, 69480 shares of MXI exchange hands on a given day and today's volume is recorded at 25365.
Shares of CAE Inc (CAE) fell by 0.37% or $-0.04/share to $10.69. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 20330 shares of CAE exchange hands on a given day and today's volume is recorded at 4714.
