These stocks, Avista Corp, Portland General Electric Company, CAE Inc, Swift Energy Co, and Smart Balance, Inc, have been showing ascending triangle patterns on April 26. 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 Avista Corp (AVA) traded higher by 0.27% or $0.07/share to $26.3. In the past year, the shares have traded as low as $20.40 and as high as $26.33. On average, 292290 shares of AVA exchange hands on a given day and today's volume is recorded at 233192.
Shares of Portland General Electric Company (POR) traded higher by 0.04% or $0.01/share to $25.57. In the past year, the shares have traded as low as $20.61 and as high as $25.62. On average, 462250 shares of POR exchange hands on a given day and today's volume is recorded at 205368.
Shares of CAE Inc (CAE) traded higher by 1.96% or $0.21/share to $10.9. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 19820 shares of CAE exchange hands on a given day and today's volume is recorded at 1800.
Shares of Swift Energy Co (SFY) traded higher by 2.66% or $0.74/share to $28.57. In the past year, the shares have traded as low as $20.39 and as high as $43.26. On average, 771970 shares of SFY exchange hands on a given day and today's volume is recorded at 290726.
Shares of Smart Balance, Inc (SMBL) traded higher by 1.50% or $0.09/share to $6.08. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 346840 shares of SMBL exchange hands on a given day and today's volume is recorded at 49682.
