These stocks, Kansas City Southern, Dice Holdings, Inc, ManTech International Corporation, CAE Inc, and Avista Corp, have been showing ascending triangle patterns on April 30. 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 2.11% or $-1.65/share to $76.71. In the past year, the shares have traded as low as $45.51 and as high as $79.17. On average, 955150 shares of KSU exchange hands on a given day and today's volume is recorded at 442822.
Shares of Dice Holdings, Inc (DHX) fell by 3.64% or $-0.40/share to $10.58. In the past year, the shares have traded as low as $7.02 and as high as $18.75. On average, 466890 shares of DHX exchange hands on a given day and today's volume is recorded at 183254.
Shares of ManTech International Corporation (MANT) fell by 2.87% or $-0.93/share to $31.44. In the past year, the shares have traded as low as $28.78 and as high as $45.40. On average, 181640 shares of MANT exchange hands on a given day and today's volume is recorded at 208262.
Shares of CAE Inc (CAE) fell by 0.18% or $-0.02/share to $10.87. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 19160 shares of CAE exchange hands on a given day and today's volume is recorded at 10216.
Shares of Avista Corp (AVA) fell by 0.04% or $-0.01/share to $26.44. In the past year, the shares have traded as low as $20.41 and as high as $26.50. On average, 290630 shares of AVA exchange hands on a given day and today's volume is recorded at 100215.
