These stocks, Unilever plc, Dice Holdings, Inc, Harsco Corporation, Crocs, Inc, and United States Steel Corp, have been showing ascending triangle patterns on May 3. 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 Unilever plc (UL) remained unchanged at $34.58. In the past year, the shares have traded as low as $29.19 and as high as $34.74. On average, 1063630 shares of UL exchange hands on a given day and today's volume is recorded at 820519.
Shares of Dice Holdings, Inc (DHX) fell by 2.19% or $-0.23/share to $10.27. In the past year, the shares have traded as low as $7.02 and as high as $18.41. On average, 436900 shares of DHX exchange hands on a given day and today's volume is recorded at 201362.
Shares of Harsco Corporation (HSC) fell by 5.90% or $-1.25/share to $19.95. In the past year, the shares have traded as low as $17.26 and as high as $34.67. On average, 612130 shares of HSC exchange hands on a given day and today's volume is recorded at 1488744.
Shares of Crocs, Inc (CROX) fell by 3.83% or $-0.78/share to $19.56. In the past year, the shares have traded as low as $14.20 and as high as $32.47. On average, 2156350 shares of CROX exchange hands on a given day and today's volume is recorded at 1592695.
Shares of United States Steel Corp (X) fell by 1.87% or $-0.53/share to $27.85. In the past year, the shares have traded as low as $18.79 and as high as $47.69. On average, 10345820 shares of X exchange hands on a given day and today's volume is recorded at 5139841.
