These stocks, Williams-Sonoma Inc, Fulton Financial Corporation, Kearny Financial Corp, Great Southern Bancorp Inc, and PNM Resources, Inc, have been showing ascending triangle patterns on May 21. 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 Williams-Sonoma Inc (WSM) traded higher by 0.46% or $0.16/share to $34.84. In the past year, the shares have traded as low as $27.44 and as high as $41.90. On average, 2739840 shares of WSM exchange hands on a given day and today's volume is recorded at 2765107.
Shares of Fulton Financial Corporation (FULT) traded higher by 0.30% or $0.03/share to $10.14. In the past year, the shares have traded as low as $7.09 and as high as $11.10. On average, 1233900 shares of FULT exchange hands on a given day and today's volume is recorded at 623906.
Shares of Kearny Financial Corp (KRNY) traded higher by 1.52% or $0.14/share to $9.38. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 14970 shares of KRNY exchange hands on a given day and today's volume is recorded at 7529.
Shares of Great Southern Bancorp Inc (GSBC) traded higher by 1.86% or $0.43/share to $23.58. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 18240 shares of GSBC exchange hands on a given day and today's volume is recorded at 32641.
Shares of PNM Resources, Inc (PNM) traded higher by 0.17% or $0.03/share to $17.99. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 487460 shares of PNM exchange hands on a given day and today's volume is recorded at 205991.
