These stocks, Kearny Financial Corp, PNM Resources, Inc, iShares S&P Global Materials, CAE Inc, and Unilever plc, have been showing ascending triangle patterns on May 6. 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 Kearny Financial Corp (KRNY) fell by 2.72% or $-0.26/share to $9.29. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15000 shares of KRNY exchange hands on a given day and today's volume is recorded at 23310.
Shares of PNM Resources, Inc (PNM) fell by 0.70% or $-0.13/share to $18.42. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 465580 shares of PNM exchange hands on a given day and today's volume is recorded at 781916.
Shares of iShares S&P Global Materials (MXI) fell by 1.94% or $-1.18/share to $59.75. In the past year, the shares have traded as low as $49.85 and as high as $74.45. On average, 65209 shares of MXI exchange hands on a given day and today's volume is recorded at 46463.
Shares of CAE Inc (CAE) fell by 2.26% or $-0.24/share to $10.37. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 17940 shares of CAE exchange hands on a given day and today's volume is recorded at 5900.
Shares of Unilever plc (UL) fell by 1.50% or $-0.52/share to $34.09. In the past year, the shares have traded as low as $29.19 and as high as $34.77. On average, 1052530 shares of UL exchange hands on a given day and today's volume is recorded at 1049909.
