These stocks, Corning Inc, PNM Resources, Inc, Franklin Electric Co. Inc, Kearny Financial Corp, and Harsco Corporation, have been showing ascending triangle patterns on May 10. 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 0.60% or $-0.08/share to $13.3. In the past year, the shares have traded as low as $11.39 and as high as $20.80. On average, 16674980 shares of GLW exchange hands on a given day and today's volume is recorded at 8785470.
Shares of PNM Resources, Inc (PNM) traded higher by 0.50% or $0.09/share to $18.44. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 481280 shares of PNM exchange hands on a given day and today's volume is recorded at 233418.
Shares of Franklin Electric Co. Inc (FELE) traded higher by 1.52% or $0.74/share to $49.45. In the past year, the shares have traded as low as $32.64 and as high as $53.75. On average, 103280 shares of FELE exchange hands on a given day and today's volume is recorded at 41639.
Shares of Kearny Financial Corp (KRNY) traded higher by 1.38% or $0.13/share to $9.52. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15160 shares of KRNY exchange hands on a given day and today's volume is recorded at 950.
Shares of Harsco Corporation (HSC) traded higher by 4.97% or $0.97/share to $20.49. In the past year, the shares have traded as low as $17.26 and as high as $33.56. On average, 658550 shares of HSC exchange hands on a given day and today's volume is recorded at 1088195.
