These stocks, Kearny Financial Corp, CAE Inc, Fulton Financial Corporation, Dycom Industries Inc, and Legacy Reserves Lp, have been showing ascending triangle patterns on May 16. 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 Kearny Financial Corp (KRNY) fell by 0.22% or $-0.02/share to $9.2. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 14790 shares of KRNY exchange hands on a given day and today's volume is recorded at 1494.
Shares of CAE Inc (CAE) fell by 0.80% or $-0.08/share to $9.88. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 17690 shares of CAE exchange hands on a given day and today's volume is recorded at 21550.
Shares of Fulton Financial Corporation (FULT) fell by 0.39% or $-0.04/share to $10.17. In the past year, the shares have traded as low as $7.09 and as high as $11.10. On average, 1211330 shares of FULT exchange hands on a given day and today's volume is recorded at 720575.
Shares of Dycom Industries Inc (DY) traded higher by 0.40% or $0.09/share to $22.36. In the past year, the shares have traded as low as $12.26 and as high as $23.96. On average, 315410 shares of DY exchange hands on a given day and today's volume is recorded at 142245.
Shares of Legacy Reserves Lp (LGCY) fell by 0.44% or $-0.12/share to $27.62. In the past year, the shares have traded as low as $20.79 and as high as $29.96. On average, 119480 shares of LGCY exchange hands on a given day and today's volume is recorded at 94153.
