These stocks, Fred's, Inc, The Mosaic Company, Protalix BioTherapeutics, Inc, Techne Corp, and Kearny Financial Corp, have been showing ascending triangle patterns on April 26. 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 Fred's, Inc (FRED) traded higher by 0.77% or $0.11/share to $14.43. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 236760 shares of FRED exchange hands on a given day and today's volume is recorded at 86811.
Shares of The Mosaic Company (MOS) fell by 0.93% or $-0.49/share to $52.71. In the past year, the shares have traded as low as $44.78 and as high as $76.89. On average, 4621260 shares of MOS exchange hands on a given day and today's volume is recorded at 2832512.
Shares of Protalix BioTherapeutics, Inc (PLX) fell by 1.67% or $-0.12/share to $7.08. In the past year, the shares have traded as low as $4.06 and as high as $7.27. On average, 404810 shares of PLX exchange hands on a given day and today's volume is recorded at 518822.
Shares of Techne Corp (TECH) traded higher by 1.26% or $0.84/share to $67.63. In the past year, the shares have traded as low as $61.78 and as high as $85.40. On average, 125240 shares of TECH exchange hands on a given day and today's volume is recorded at 36796.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.41% or $0.04/share to $9.91. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16860 shares of KRNY exchange hands on a given day and today's volume is recorded at 612.
