These stocks, CAE Inc, Protalix BioTherapeutics, Inc, ManTech International Corporation, Unilever plc, and United States Steel Corp, have been showing ascending triangle patterns on April 29. 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 CAE Inc (CAE) traded higher by 0.55% or $0.06/share to $10.89. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 19270 shares of CAE exchange hands on a given day and today's volume is recorded at 9409.
Shares of Protalix BioTherapeutics, Inc (PLX) fell by 0.99% or $-0.07/share to $6.99. In the past year, the shares have traded as low as $4.06 and as high as $7.33. On average, 412610 shares of PLX exchange hands on a given day and today's volume is recorded at 1039242.
Shares of ManTech International Corporation (MANT) traded higher by 0.72% or $0.23/share to $32.37. In the past year, the shares have traded as low as $28.78 and as high as $45.40. On average, 180830 shares of MANT exchange hands on a given day and today's volume is recorded at 118717.
Shares of Unilever plc (UL) fell by 1.12% or $-0.39/share to $34.35. In the past year, the shares have traded as low as $29.19 and as high as $34.74. On average, 1084420 shares of UL exchange hands on a given day and today's volume is recorded at 2012168.
Shares of United States Steel Corp (X) fell by 0.70% or $-0.20/share to $28.2. In the past year, the shares have traded as low as $18.79 and as high as $49.05. On average, 11042220 shares of X exchange hands on a given day and today's volume is recorded at 6228203.
