These stocks, UBS AG, VanceInfo Technologies Inc, Crosstex Energy LP, United States Steel Corp, and CAE Inc, have been showing ascending triangle patterns on May 2. 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 UBS AG (UBS) traded higher by 1.50% or $0.19/share to $12.86. In the past year, the shares have traded as low as $10.41 and as high as $20.03. On average, 3960620 shares of UBS exchange hands on a given day and today's volume is recorded at 6908366.
Shares of VanceInfo Technologies Inc (VIT) traded higher by 3.00% or $0.39/share to $13.38. In the past year, the shares have traded as low as $6.19 and as high as $33.08. On average, 255100 shares of VIT exchange hands on a given day and today's volume is recorded at 339538.
Shares of Crosstex Energy LP (XTEX) fell by 1.70% or $-0.30/share to $17.33. In the past year, the shares have traded as low as $12.50 and as high as $18.54. On average, 172840 shares of XTEX exchange hands on a given day and today's volume is recorded at 245251.
Shares of United States Steel Corp (X) fell by 1.97% or $-0.57/share to $28.36. In the past year, the shares have traded as low as $18.79 and as high as $47.69. On average, 10456010 shares of X exchange hands on a given day and today's volume is recorded at 4103422.
Shares of CAE Inc (CAE) fell by 0.82% or $-0.09/share to $10.82. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 18760 shares of CAE exchange hands on a given day and today's volume is recorded at 3600.
