These stocks, DTS Inc, Unilife Corporation, Williams-Sonoma Inc, Dycom Industries Inc, and Great Southern Bancorp Inc, have been showing ascending triangle patterns on May 24. 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 DTS Inc (DTSI) fell by 1.07% or $-0.30/share to $27.77. In the past year, the shares have traded as low as $20.93 and as high as $47.19. On average, 130410 shares of DTSI exchange hands on a given day and today's volume is recorded at 44357.
Shares of Unilife Corporation (UNIS) fell by 1.35% or $-0.05/share to $4.01. In the past year, the shares have traded as low as $2.82 and as high as $5.43. On average, 245260 shares of UNIS exchange hands on a given day and today's volume is recorded at 117777.
Shares of Williams-Sonoma Inc (WSM) traded higher by 0.85% or $0.30/share to $35.5. In the past year, the shares have traded as low as $27.44 and as high as $40.76. On average, 2855680 shares of WSM exchange hands on a given day and today's volume is recorded at 1496359.
Shares of Dycom Industries Inc (DY) fell by 1.50% or $-0.31/share to $20.35. In the past year, the shares have traded as low as $12.26 and as high as $23.96. On average, 337850 shares of DY exchange hands on a given day and today's volume is recorded at 184424.
Shares of Great Southern Bancorp Inc (GSBC) traded higher by 0.22% or $0.05/share to $23.0. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 19330 shares of GSBC exchange hands on a given day and today's volume is recorded at 15967.
