These stocks, Fulton Financial Corporation, WD-40 Company, CAE Inc, KB Financial Group, Inc, and United States Steel Corp, have been showing ascending triangle patterns on May 15. 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 Fulton Financial Corporation (FULT) fell by 0.34% or $-0.03/share to $10.18. In the past year, the shares have traded as low as $7.09 and as high as $11.11. On average, 1205830 shares of FULT exchange hands on a given day and today's volume is recorded at 887545.
Shares of WD-40 Company (WDFC) traded higher by 1.14% or $0.53/share to $47.0. In the past year, the shares have traded as low as $34.67 and as high as $47.02. On average, 64700 shares of WDFC exchange hands on a given day and today's volume is recorded at 24962.
Shares of CAE Inc (CAE) fell by 0.99% or $-0.10/share to $10.04. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 17900 shares of CAE exchange hands on a given day and today's volume is recorded at 6334.
Shares of KB Financial Group, Inc (KB) fell by 1.49% or $-0.48/share to $31.66. In the past year, the shares have traded as low as $29.33 and as high as $52.01. On average, 154580 shares of KB exchange hands on a given day and today's volume is recorded at 95272.
Shares of United States Steel Corp (X) fell by 5.99% or $-1.53/share to $24.0. In the past year, the shares have traded as low as $18.75 and as high as $47.00. On average, 10179860 shares of X exchange hands on a given day and today's volume is recorded at 11644206.
