These stocks, Kearny Financial Corp, Stonemor Partners LP, Great Southern Bancorp Inc, Spartan Stores Inc, and Unilever plc, have been showing ascending triangle patterns on May 7. 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) traded higher by 0.11% or $0.01/share to $9.3. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15130 shares of KRNY exchange hands on a given day and today's volume is recorded at 2856.
Shares of Stonemor Partners LP (STON) fell by 4.81% or $-1.25/share to $24.75. In the past year, the shares have traded as low as $19.64 and as high as $27.72. On average, 94050 shares of STON exchange hands on a given day and today's volume is recorded at 415626.
Shares of Great Southern Bancorp Inc (GSBC) traded higher by 2.72% or $0.62/share to $23.42. In the past year, the shares have traded as low as $14.63 and as high as $25.00. On average, 17110 shares of GSBC exchange hands on a given day and today's volume is recorded at 14801.
Shares of Spartan Stores Inc (SPTN) fell by 0.03% or $-0.01/share to $17.57. In the past year, the shares have traded as low as $13.90 and as high as $21.13. On average, 109560 shares of SPTN exchange hands on a given day and today's volume is recorded at 54950.
Shares of Unilever plc (UL) traded higher by 1.04% or $0.35/share to $34.44. In the past year, the shares have traded as low as $29.19 and as high as $34.76. On average, 1052490 shares of UL exchange hands on a given day and today's volume is recorded at 619666.
