These stocks, Dice Holdings, Inc, Harsco Corporation, PNM Resources, Inc, iShares S&P Global Materials, and Fred's, Inc, have been showing ascending triangle patterns on April 29. 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 Dice Holdings, Inc (DHX) traded higher by 4.37% or $0.46/share to $10.98. In the past year, the shares have traded as low as $7.02 and as high as $18.75. On average, 462670 shares of DHX exchange hands on a given day and today's volume is recorded at 556434.
Shares of Harsco Corporation (HSC) traded higher by 2.02% or $0.45/share to $22.74. In the past year, the shares have traded as low as $17.26 and as high as $34.79. On average, 656620 shares of HSC exchange hands on a given day and today's volume is recorded at 506017.
Shares of PNM Resources, Inc (PNM) traded higher by 0.74% or $0.14/share to $18.98. In the past year, the shares have traded as low as $12.47 and as high as $18.95. On average, 467280 shares of PNM exchange hands on a given day and today's volume is recorded at 324872.
Shares of iShares S&P Global Materials (MXI) traded higher by 0.85% or $0.53/share to $62.68. In the past year, the shares have traded as low as $49.86 and as high as $76.93. On average, 69310 shares of MXI exchange hands on a given day and today's volume is recorded at 28259.
Shares of Fred's, Inc (FRED) traded higher by 2.18% or $0.32/share to $14.97. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 235870 shares of FRED exchange hands on a given day and today's volume is recorded at 274972.
