These stocks, Interface Inc, PNM Resources, Inc, WD-40 Company, United States Steel Corp, and Smart Balance, Inc, 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 Interface Inc (IFSIA) fell by 0.87% or $-0.13/share to $14.3. In the past year, the shares have traded as low as $9.73 and as high as $20.38. On average, 460940 shares of IFSIA exchange hands on a given day and today's volume is recorded at 186839.
Shares of PNM Resources, Inc (PNM) fell by 1.21% or $-0.23/share to $18.75. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 462500 shares of PNM exchange hands on a given day and today's volume is recorded at 171080.
Shares of WD-40 Company (WDFC) fell by 0.55% or $-0.25/share to $45.18. In the past year, the shares have traded as low as $34.67 and as high as $47.02. On average, 64330 shares of WDFC exchange hands on a given day and today's volume is recorded at 15099.
Shares of United States Steel Corp (X) traded higher by 1.03% or $0.29/share to $28.49. In the past year, the shares have traded as low as $18.79 and as high as $47.99. On average, 10957620 shares of X exchange hands on a given day and today's volume is recorded at 4644815.
Shares of Smart Balance, Inc (SMBL) fell by 0.50% or $-0.03/share to $5.92. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 345400 shares of SMBL exchange hands on a given day and today's volume is recorded at 89615.
