These stocks, iShares S&P Global Materials, Interface Inc, KB Financial Group, Inc, Unilever plc, and Avista Corp, have been showing ascending triangle patterns on May 2. 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 iShares S&P Global Materials (MXI) fell by 0.59% or $-0.37/share to $62.05. In the past year, the shares have traded as low as $49.86 and as high as $76.93. On average, 66070 shares of MXI exchange hands on a given day and today's volume is recorded at 29539.
Shares of Interface Inc (IFSIA) fell by 0.92% or $-0.13/share to $13.94. In the past year, the shares have traded as low as $9.73 and as high as $20.38. On average, 464050 shares of IFSIA exchange hands on a given day and today's volume is recorded at 258910.
Shares of KB Financial Group, Inc (KB) traded higher by 0.58% or $0.20/share to $34.43. In the past year, the shares have traded as low as $29.33 and as high as $53.44. On average, 160490 shares of KB exchange hands on a given day and today's volume is recorded at 112203.
Shares of Unilever plc (UL) traded higher by 0.44% or $0.15/share to $34.58. In the past year, the shares have traded as low as $29.19 and as high as $34.74. On average, 1107820 shares of UL exchange hands on a given day and today's volume is recorded at 733129.
Shares of Avista Corp (AVA) fell by 1.25% or $-0.33/share to $26.02. In the past year, the shares have traded as low as $20.41 and as high as $26.70. On average, 292610 shares of AVA exchange hands on a given day and today's volume is recorded at 301555.
