These stocks, CAE Inc, iShares S&P Global Materials, Smart Balance, Inc, Protalix BioTherapeutics, Inc, and Williams-Sonoma Inc, have been showing ascending triangle patterns on April 24. 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 CAE Inc (CAE) fell by 0.37% or $-0.04/share to $10.7. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 20170 shares of CAE exchange hands on a given day and today's volume is recorded at 11084.
Shares of iShares S&P Global Materials (MXI) traded higher by 0.10% or $0.06/share to $60.9. In the past year, the shares have traded as low as $49.86 and as high as $76.93. On average, 69200 shares of MXI exchange hands on a given day and today's volume is recorded at 54882.
Shares of Smart Balance, Inc (SMBL) traded higher by 1.01% or $0.06/share to $6.03. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 345960 shares of SMBL exchange hands on a given day and today's volume is recorded at 269466.
Shares of Protalix BioTherapeutics, Inc (PLX) fell by 0.14% or $-0.01/share to $7.11. In the past year, the shares have traded as low as $4.06 and as high as $7.16. On average, 375720 shares of PLX exchange hands on a given day and today's volume is recorded at 835028.
Shares of Williams-Sonoma Inc (WSM) fell by 1.61% or $-0.61/share to $37.27. In the past year, the shares have traded as low as $27.61 and as high as $44.80. On average, 2727480 shares of WSM exchange hands on a given day and today's volume is recorded at 1501640.
