These stocks, Williams-Sonoma Inc, PNM Resources, Inc, DTS Inc, Kearny Financial Corp, and Great Southern Bancorp Inc, have been showing ascending triangle patterns on May 23. 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 Williams-Sonoma Inc (WSM) fell by 1.95% or $-0.70/share to $35.19. In the past year, the shares have traded as low as $27.44 and as high as $40.76. On average, 2828750 shares of WSM exchange hands on a given day and today's volume is recorded at 2431304.
Shares of PNM Resources, Inc (PNM) traded higher by 0.55% or $0.10/share to $18.19. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 486590 shares of PNM exchange hands on a given day and today's volume is recorded at 520938.
Shares of DTS Inc (DTSI) fell by 2.29% or $-0.65/share to $27.7. In the past year, the shares have traded as low as $20.93 and as high as $47.19. On average, 133150 shares of DTSI exchange hands on a given day and today's volume is recorded at 64294.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.11% or $0.01/share to $9.24. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 14900 shares of KRNY exchange hands on a given day and today's volume is recorded at 8509.
Shares of Great Southern Bancorp Inc (GSBC) fell by 0.83% or $-0.19/share to $22.7. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 19040 shares of GSBC exchange hands on a given day and today's volume is recorded at 24362.
