These stocks, Harsco Corporation, Avista Corp, Epoch Investment Partners, Inc, Kansas City Southern, and Unilever plc, have been showing ascending triangle patterns on April 24. 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 Harsco Corporation (HSC) traded higher by 1.97% or $0.42/share to $21.7. In the past year, the shares have traded as low as $17.26 and as high as $34.79. On average, 719420 shares of HSC exchange hands on a given day and today's volume is recorded at 375015.
Shares of Avista Corp (AVA) traded higher by 1.28% or $0.33/share to $26.03. In the past year, the shares have traded as low as $20.41 and as high as $26.17. On average, 292950 shares of AVA exchange hands on a given day and today's volume is recorded at 156388.
Shares of Epoch Investment Partners, Inc (EPHC) traded higher by 0.41% or $0.10/share to $24.52. In the past year, the shares have traded as low as $11.59 and as high as $26.43. On average, 41910 shares of EPHC exchange hands on a given day and today's volume is recorded at 14327.
Shares of Kansas City Southern (KSU) traded higher by 5.48% or $3.88/share to $74.74. In the past year, the shares have traded as low as $45.51 and as high as $74.77. On average, 1001350 shares of KSU exchange hands on a given day and today's volume is recorded at 1889396.
Shares of Unilever plc (UL) traded higher by 0.21% or $0.07/share to $33.54. In the past year, the shares have traded as low as $29.19 and as high as $33.95. On average, 1116450 shares of UL exchange hands on a given day and today's volume is recorded at 630355.
