These stocks, Crosstex Energy LP, The Mosaic Company, Crocs, Inc, Portland General Electric Company, and Harsco Corporation, have been showing ascending triangle patterns on April 27. 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 Crosstex Energy LP (XTEX) fell by 0.39% or $-0.07/share to $17.73. In the past year, the shares have traded as low as $12.74 and as high as $18.90. On average, 169370 shares of XTEX exchange hands on a given day and today's volume is recorded at 158405.
Shares of The Mosaic Company (MOS) traded higher by 0.61% or $0.32/share to $52.96. In the past year, the shares have traded as low as $44.78 and as high as $76.44. On average, 4610050 shares of MOS exchange hands on a given day and today's volume is recorded at 2590522.
Shares of Crocs, Inc (CROX) fell by 1.33% or $-0.27/share to $19.99. In the past year, the shares have traded as low as $14.20 and as high as $32.47. On average, 2181080 shares of CROX exchange hands on a given day and today's volume is recorded at 1517376.
Shares of Portland General Electric Company (POR) traded higher by 0.59% or $0.15/share to $25.77. In the past year, the shares have traded as low as $20.61 and as high as $25.66. On average, 461820 shares of POR exchange hands on a given day and today's volume is recorded at 195328.
Shares of Harsco Corporation (HSC) traded higher by 1.70% or $0.38/share to $22.67. In the past year, the shares have traded as low as $17.26 and as high as $34.80. On average, 656620 shares of HSC exchange hands on a given day and today's volume is recorded at 302454.
