These stocks, Dycom Industries Inc, Fulton Financial Corporation, Kearny Financial Corp, National Penn Bancshares Inc, and Great Southern Bancorp Inc, have been showing ascending triangle patterns on May 22. 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 Dycom Industries Inc (DY) fell by 1.73% or $-0.38/share to $21.54. In the past year, the shares have traded as low as $12.26 and as high as $23.96. On average, 322520 shares of DY exchange hands on a given day and today's volume is recorded at 133642.
Shares of Fulton Financial Corporation (FULT) traded higher by 1.47% or $0.15/share to $10.33. In the past year, the shares have traded as low as $7.09 and as high as $11.06. On average, 1233820 shares of FULT exchange hands on a given day and today's volume is recorded at 522373.
Shares of Kearny Financial Corp (KRNY) fell by 0.64% or $-0.06/share to $9.34. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15000 shares of KRNY exchange hands on a given day and today's volume is recorded at 11515.
Shares of National Penn Bancshares Inc (NPBC) traded higher by 0.87% or $0.08/share to $8.7. In the past year, the shares have traded as low as $5.94 and as high as $9.35. On average, 774310 shares of NPBC exchange hands on a given day and today's volume is recorded at 368767.
Shares of Great Southern Bancorp Inc (GSBC) fell by 0.21% or $-0.05/share to $23.58. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 18780 shares of GSBC exchange hands on a given day and today's volume is recorded at 18835.
