These stocks, Kansas City Southern, PNM Resources, Inc, Harsco Corporation, Fred's, Inc, and Crocs, Inc, have been showing ascending triangle patterns on May 2. 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 Kansas City Southern (KSU) fell by 1.40% or $-1.10/share to $77.2. In the past year, the shares have traded as low as $45.51 and as high as $79.50. On average, 947950 shares of KSU exchange hands on a given day and today's volume is recorded at 1142889.
Shares of PNM Resources, Inc (PNM) fell by 0.80% or $-0.15/share to $18.68. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 464270 shares of PNM exchange hands on a given day and today's volume is recorded at 275519.
Shares of Harsco Corporation (HSC) fell by 3.81% or $-0.85/share to $21.46. In the past year, the shares have traded as low as $17.26 and as high as $34.76. On average, 596130 shares of HSC exchange hands on a given day and today's volume is recorded at 1243359.
Shares of Fred's, Inc (FRED) fell by 0.77% or $-0.11/share to $14.09. In the past year, the shares have traded as low as $10.18 and as high as $15.21. On average, 240280 shares of FRED exchange hands on a given day and today's volume is recorded at 107131.
Shares of Crocs, Inc (CROX) traded higher by 0.70% or $0.14/share to $20.27. In the past year, the shares have traded as low as $14.20 and as high as $32.47. On average, 2161750 shares of CROX exchange hands on a given day and today's volume is recorded at 888404.
