These stocks, Corning Inc, Spartan Stores Inc, KB Financial Group, Inc, Harsco Corporation, and UBS AG, 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 Corning Inc (GLW) fell by 2.36% or $-0.33/share to $13.67. In the past year, the shares have traded as low as $11.39 and as high as $20.80. On average, 17339610 shares of GLW exchange hands on a given day and today's volume is recorded at 11153856.
Shares of Spartan Stores Inc (SPTN) fell by 1.07% or $-0.19/share to $17.57. In the past year, the shares have traded as low as $13.90 and as high as $21.13. On average, 109990 shares of SPTN exchange hands on a given day and today's volume is recorded at 82744.
Shares of KB Financial Group, Inc (KB) fell by 1.40% or $-0.48/share to $33.78. In the past year, the shares have traded as low as $29.33 and as high as $52.37. On average, 160000 shares of KB exchange hands on a given day and today's volume is recorded at 127066.
Shares of Harsco Corporation (HSC) fell by 2.20% or $-0.44/share to $19.52. In the past year, the shares have traded as low as $17.26 and as high as $33.96. On average, 624640 shares of HSC exchange hands on a given day and today's volume is recorded at 1060877.
Shares of UBS AG (UBS) fell by 0.08% or $-0.01/share to $12.43. In the past year, the shares have traded as low as $10.41 and as high as $20.03. On average, 4044940 shares of UBS exchange hands on a given day and today's volume is recorded at 5957748.
