These stocks, Portland General Electric Company, Tortoise Energy Infrastructure Corp, Fred's, Inc, Kearny Financial Corp, and TETRA Technologies 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 Portland General Electric Company (POR) traded higher by 1.12% or $0.28/share to $25.32. In the past year, the shares have traded as low as $20.61 and as high as $25.35. On average, 460940 shares of POR exchange hands on a given day and today's volume is recorded at 401069.
Shares of Tortoise Energy Infrastructure Corp (TYG) traded higher by 2.01% or $0.84/share to $42.54. In the past year, the shares have traded as low as $28.54 and as high as $42.75. On average, 72140 shares of TYG exchange hands on a given day and today's volume is recorded at 57738.
Shares of Fred's, Inc (FRED) fell by 1.73% or $-0.25/share to $14.16. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 238560 shares of FRED exchange hands on a given day and today's volume is recorded at 218896.
Shares of Kearny Financial Corp (KRNY) traded higher by 2.22% or $0.21/share to $9.68. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16900 shares of KRNY exchange hands on a given day and today's volume is recorded at 1363.
Shares of TETRA Technologies Inc (TTI) traded higher by 4.18% or $0.34/share to $8.49. In the past year, the shares have traded as low as $6.77 and as high as $15.10. On average, 612410 shares of TTI exchange hands on a given day and today's volume is recorded at 511487.
