These stocks, Techne Corp, Portland General Electric Company, Avista Corp, Epoch Investment Partners, Inc, and Williams-Sonoma Inc, have been showing ascending triangle patterns on April 25. 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 Techne Corp (TECH) traded higher by 2.32% or $1.51/share to $66.7. In the past year, the shares have traded as low as $61.78 and as high as $85.40. On average, 124410 shares of TECH exchange hands on a given day and today's volume is recorded at 77486.
Shares of Portland General Electric Company (POR) traded higher by 0.63% or $0.16/share to $25.52. In the past year, the shares have traded as low as $20.61 and as high as $25.37. On average, 461500 shares of POR exchange hands on a given day and today's volume is recorded at 500072.
Shares of Avista Corp (AVA) traded higher by 0.61% or $0.16/share to $26.22. In the past year, the shares have traded as low as $20.41 and as high as $26.17. On average, 292470 shares of AVA exchange hands on a given day and today's volume is recorded at 238098.
Shares of Epoch Investment Partners, Inc (EPHC) traded higher by 2.34% or $0.58/share to $25.37. In the past year, the shares have traded as low as $11.59 and as high as $26.43. On average, 41800 shares of EPHC exchange hands on a given day and today's volume is recorded at 20641.
Shares of Williams-Sonoma Inc (WSM) traded higher by 2.20% or $0.82/share to $38.09. In the past year, the shares have traded as low as $27.61 and as high as $44.80. On average, 2727780 shares of WSM exchange hands on a given day and today's volume is recorded at 1270158.
