These stocks, DTS Inc, PNM Resources, Inc, WesBanco Inc, Unilife Corporation, and Williams-Sonoma Inc, have been showing ascending triangle patterns on May 22. 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 DTS Inc (DTSI) fell by 0.53% or $-0.15/share to $28.35. In the past year, the shares have traded as low as $20.93 and as high as $47.19. On average, 135560 shares of DTSI exchange hands on a given day and today's volume is recorded at 33150.
Shares of PNM Resources, Inc (PNM) traded higher by 0.55% or $0.10/share to $18.14. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 487110 shares of PNM exchange hands on a given day and today's volume is recorded at 122332.
Shares of WesBanco Inc (WSBC) traded higher by 0.15% or $0.03/share to $20.12. In the past year, the shares have traded as low as $15.79 and as high as $21.51. On average, 58110 shares of WSBC exchange hands on a given day and today's volume is recorded at 18988.
Shares of Unilife Corporation (UNIS) fell by 3.33% or $-0.14/share to $4.06. In the past year, the shares have traded as low as $2.82 and as high as $5.44. On average, 245320 shares of UNIS exchange hands on a given day and today's volume is recorded at 42519.
Shares of Williams-Sonoma Inc (WSM) traded higher by 3.31% or $1.15/share to $35.88. In the past year, the shares have traded as low as $27.44 and as high as $40.76. On average, 2742050 shares of WSM exchange hands on a given day and today's volume is recorded at 4738192.
