These stocks, Fred's, Inc, Portland General Electric Company, Unilever plc, Protalix BioTherapeutics, Inc, and Harsco Corporation, have been showing ascending triangle patterns on April 23. 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 Fred's, Inc (FRED) fell by 1.84% or $-0.27/share to $14.43. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 239290 shares of FRED exchange hands on a given day and today's volume is recorded at 86175.
Shares of Portland General Electric Company (POR) fell by 0.67% or $-0.17/share to $25.05. In the past year, the shares have traded as low as $20.61 and as high as $25.35. On average, 461240 shares of POR exchange hands on a given day and today's volume is recorded at 252926.
Shares of Unilever plc (UL) fell by 0.74% or $-0.25/share to $33.45. In the past year, the shares have traded as low as $29.19 and as high as $33.95. On average, 1107640 shares of UL exchange hands on a given day and today's volume is recorded at 1071883.
Shares of Protalix BioTherapeutics, Inc (PLX) traded higher by 4.42% or $0.30/share to $7.08. In the past year, the shares have traded as low as $4.06 and as high as $7.16. On average, 365940 shares of PLX exchange hands on a given day and today's volume is recorded at 653165.
Shares of Harsco Corporation (HSC) fell by 0.33% or $-0.07/share to $21.23. In the past year, the shares have traded as low as $17.26 and as high as $34.79. On average, 716150 shares of HSC exchange hands on a given day and today's volume is recorded at 598060.
