These stocks, Kearny Financial Corp, CAE Inc, Great Southern Bancorp Inc, Williams-Sonoma Inc, and KB Financial Group, Inc, have been showing ascending triangle patterns on May 14. 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) remained unchanged at $9.42. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 14870 shares of KRNY exchange hands on a given day and today's volume is recorded at 800.
Shares of CAE Inc (CAE) traded higher by 0.79% or $0.08/share to $10.18. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 17930 shares of CAE exchange hands on a given day and today's volume is recorded at 2810.
Shares of Great Southern Bancorp Inc (GSBC) fell by 0.84% or $-0.19/share to $22.43. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 17670 shares of GSBC exchange hands on a given day and today's volume is recorded at 7414.
Shares of Williams-Sonoma Inc (WSM) traded higher by 0.32% or $0.12/share to $37.43. In the past year, the shares have traded as low as $27.44 and as high as $44.21. On average, 2684720 shares of WSM exchange hands on a given day and today's volume is recorded at 579725.
Shares of KB Financial Group, Inc (KB) fell by 1.43% or $-0.47/share to $32.43. In the past year, the shares have traded as low as $29.33 and as high as $52.01. On average, 154880 shares of KB exchange hands on a given day and today's volume is recorded at 47087.
