These stocks, Smart Balance, Inc, Kansas City Southern, Kearny Financial Corp, CAE Inc, and iShares S&P Global Materials, have been showing ascending triangle patterns on April 27. 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 Smart Balance, Inc (SMBL) fell by 2.12% or $-0.13/share to $5.99. In the past year, the shares have traded as low as $4.30 and as high as $7.15. On average, 343690 shares of SMBL exchange hands on a given day and today's volume is recorded at 207590.
Shares of Kansas City Southern (KSU) traded higher by 1.05% or $0.81/share to $78.31. In the past year, the shares have traded as low as $45.51 and as high as $77.97. On average, 953370 shares of KSU exchange hands on a given day and today's volume is recorded at 663099.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.79% or $0.08/share to $10.01. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16740 shares of KRNY exchange hands on a given day and today's volume is recorded at 10975.
Shares of CAE Inc (CAE) traded higher by 0.46% or $0.05/share to $10.88. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 19270 shares of CAE exchange hands on a given day and today's volume is recorded at 7942.
Shares of iShares S&P Global Materials (MXI) traded higher by 0.75% or $0.47/share to $62.62. In the past year, the shares have traded as low as $49.86 and as high as $76.94. On average, 69310 shares of MXI exchange hands on a given day and today's volume is recorded at 20429.
