These stocks, ManTech International Corporation, Unilever plc, Crocs, Inc, Avista Corp, and Portland General Electric Company, have been showing ascending triangle patterns on May 1. 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 ManTech International Corporation (MANT) traded higher by 0.92% or $0.29/share to $31.71. In the past year, the shares have traded as low as $28.79 and as high as $45.40. On average, 185350 shares of MANT exchange hands on a given day and today's volume is recorded at 116975.
Shares of Unilever plc (UL) traded higher by 0.51% or $0.18/share to $34.49. In the past year, the shares have traded as low as $29.19 and as high as $34.74. On average, 1107370 shares of UL exchange hands on a given day and today's volume is recorded at 891080.
Shares of Crocs, Inc (CROX) traded higher by 0.50% or $0.10/share to $20.3. In the past year, the shares have traded as low as $14.20 and as high as $32.47. On average, 2179570 shares of CROX exchange hands on a given day and today's volume is recorded at 1001984.
Shares of Avista Corp (AVA) traded higher by 0.15% or $0.04/share to $26.48. In the past year, the shares have traded as low as $20.41 and as high as $26.53. On average, 290420 shares of AVA exchange hands on a given day and today's volume is recorded at 211898.
Shares of Portland General Electric Company (POR) traded higher by 0.27% or $0.07/share to $25.9. In the past year, the shares have traded as low as $20.61 and as high as $25.86. On average, 459200 shares of POR exchange hands on a given day and today's volume is recorded at 246275.
