These stocks, Avista Corp, Kearny Financial Corp, United States Steel Corp, Williams-Sonoma Inc, and Crosstex Energy LP, 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 Avista Corp (AVA) fell by 0.96% or $-0.25/share to $25.7. In the past year, the shares have traded as low as $20.40 and as high as $26.17. On average, 295250 shares of AVA exchange hands on a given day and today's volume is recorded at 124344.
Shares of Kearny Financial Corp (KRNY) fell by 1.66% or $-0.16/share to $9.5. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16900 shares of KRNY exchange hands on a given day and today's volume is recorded at 12431.
Shares of United States Steel Corp (X) fell by 3.31% or $-0.96/share to $28.03. In the past year, the shares have traded as low as $18.79 and as high as $52.92. On average, 10946170 shares of X exchange hands on a given day and today's volume is recorded at 12100034.
Shares of Williams-Sonoma Inc (WSM) fell by 1.26% or $-0.48/share to $37.9. In the past year, the shares have traded as low as $27.60 and as high as $44.79. On average, 2754720 shares of WSM exchange hands on a given day and today's volume is recorded at 789769.
Shares of Crosstex Energy LP (XTEX) traded higher by 0.96% or $0.17/share to $17.88. In the past year, the shares have traded as low as $12.74 and as high as $18.89. On average, 167350 shares of XTEX exchange hands on a given day and today's volume is recorded at 135651.
