These stocks, Swift Energy Co, CAE Inc, Tortoise Energy Infrastructure Corp, Kearny Financial Corp, and Smart Balance, Inc, have been showing ascending triangle patterns on April 25. 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 Swift Energy Co (SFY) traded higher by 1.73% or $0.47/share to $27.68. In the past year, the shares have traded as low as $20.39 and as high as $43.26. On average, 772430 shares of SFY exchange hands on a given day and today's volume is recorded at 578586.
Shares of CAE Inc (CAE) traded higher by 0.09% or $0.01/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, 19620 shares of CAE exchange hands on a given day and today's volume is recorded at 27746.
Shares of Tortoise Energy Infrastructure Corp (TYG) fell by 0.16% or $-0.07/share to $42.44. In the past year, the shares have traded as low as $28.54 and as high as $42.75. On average, 70900 shares of TYG exchange hands on a given day and today's volume is recorded at 62323.
Shares of Kearny Financial Corp (KRNY) remained unchanged at $9.8. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16860 shares of KRNY exchange hands on a given day and today's volume is recorded at 3513.
Shares of Smart Balance, Inc (SMBL) fell by 1.32% or $-0.08/share to $5.96. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 345470 shares of SMBL exchange hands on a given day and today's volume is recorded at 267254.
