These stocks, Harsco Corporation, Crocs, Inc, iShares S&P Global Materials, Protalix BioTherapeutics, Inc, and Kearny Financial Corp, have been showing ascending triangle patterns on April 30. 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 Harsco Corporation (HSC) fell by 2.07% or $-0.47/share to $22.27. In the past year, the shares have traded as low as $17.26 and as high as $34.80. On average, 637050 shares of HSC exchange hands on a given day and today's volume is recorded at 212534.
Shares of Crocs, Inc (CROX) traded higher by 1.58% or $0.31/share to $20.25. In the past year, the shares have traded as low as $14.20 and as high as $32.48. On average, 2190420 shares of CROX exchange hands on a given day and today's volume is recorded at 1170317.
Shares of iShares S&P Global Materials (MXI) fell by 1.10% or $-0.69/share to $61.99. In the past year, the shares have traded as low as $49.86 and as high as $76.93. On average, 69200 shares of MXI exchange hands on a given day and today's volume is recorded at 14118.
Shares of Protalix BioTherapeutics, Inc (PLX) fell by 0.57% or $-0.04/share to $6.95. In the past year, the shares have traded as low as $4.06 and as high as $7.33. On average, 427590 shares of PLX exchange hands on a given day and today's volume is recorded at 1474334.
Shares of Kearny Financial Corp (KRNY) fell by 1.70% or $-0.17/share to $9.83. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 16670 shares of KRNY exchange hands on a given day and today's volume is recorded at 3250.
