These stocks, Corning Inc, Franklin Electric Co. Inc, KB Financial Group, Inc, Great Southern Bancorp Inc, and DealerTrack Holdings, Inc, have been showing ascending triangle patterns on May 8. 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 Corning Inc (GLW) fell by 1.58% or $-0.21/share to $13.39. In the past year, the shares have traded as low as $11.40 and as high as $20.80. On average, 16859460 shares of GLW exchange hands on a given day and today's volume is recorded at 15040209.
Shares of Franklin Electric Co. Inc (FELE) traded higher by 1.07% or $0.52/share to $49.04. In the past year, the shares have traded as low as $32.64 and as high as $53.75. On average, 102380 shares of FELE exchange hands on a given day and today's volume is recorded at 53295.
Shares of KB Financial Group, Inc (KB) fell by 0.28% or $-0.09/share to $33.79. In the past year, the shares have traded as low as $29.33 and as high as $52.00. On average, 158220 shares of KB exchange hands on a given day and today's volume is recorded at 271183.
Shares of Great Southern Bancorp Inc (GSBC) traded higher by 0.43% or $0.10/share to $23.59. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 17260 shares of GSBC exchange hands on a given day and today's volume is recorded at 16760.
Shares of DealerTrack Holdings, Inc (TRAK) fell by 0.87% or $-0.25/share to $28.54. In the past year, the shares have traded as low as $14.01 and as high as $31.90. On average, 415650 shares of TRAK exchange hands on a given day and today's volume is recorded at 334104.
