These stocks, Dice Holdings, Inc, Fred's, Inc, WD-40 Company, Unilever plc, and Tortoise Energy Infrastructure Corp, 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 Dice Holdings, Inc (DHX) traded higher by 4.28% or $0.45/share to $10.97. In the past year, the shares have traded as low as $7.02 and as high as $18.75. On average, 462670 shares of DHX exchange hands on a given day and today's volume is recorded at 442964.
Shares of Fred's, Inc (FRED) traded higher by 2.05% or $0.30/share to $14.95. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 235870 shares of FRED exchange hands on a given day and today's volume is recorded at 154181.
Shares of WD-40 Company (WDFC) traded higher by 0.18% or $0.08/share to $45.48. In the past year, the shares have traded as low as $34.67 and as high as $47.02. On average, 64030 shares of WDFC exchange hands on a given day and today's volume is recorded at 32665.
Shares of Unilever plc (UL) fell by 1.04% or $-0.36/share to $34.38. In the past year, the shares have traded as low as $29.19 and as high as $34.74. On average, 1084420 shares of UL exchange hands on a given day and today's volume is recorded at 1857117.
Shares of Tortoise Energy Infrastructure Corp (TYG) fell by 0.55% or $-0.23/share to $41.7. In the past year, the shares have traded as low as $28.54 and as high as $42.79. On average, 68650 shares of TYG exchange hands on a given day and today's volume is recorded at 50277.
