These stocks, Crosstex Energy Inc, Approach Resources, Inc, Williams-Sonoma Inc, KB Financial Group, Inc, and Dycom Industries Inc, have been showing ascending triangle patterns on May 10. 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 Crosstex Energy Inc (XTXI) fell by 0.52% or $-0.08/share to $15.35. In the past year, the shares have traded as low as $8.13 and as high as $15.87. On average, 229370 shares of XTXI exchange hands on a given day and today's volume is recorded at 180551.
Shares of Approach Resources, Inc (AREX) traded higher by 1.80% or $0.54/share to $30.59. In the past year, the shares have traded as low as $14.14 and as high as $39.18. On average, 527420 shares of AREX exchange hands on a given day and today's volume is recorded at 629029.
Shares of Williams-Sonoma Inc (WSM) traded higher by 1.24% or $0.46/share to $37.61. In the past year, the shares have traded as low as $27.44 and as high as $44.53. On average, 2683290 shares of WSM exchange hands on a given day and today's volume is recorded at 1836608.
Shares of KB Financial Group, Inc (KB) traded higher by 0.86% or $0.29/share to $33.87. In the past year, the shares have traded as low as $29.33 and as high as $52.01. On average, 156900 shares of KB exchange hands on a given day and today's volume is recorded at 119814.
Shares of Dycom Industries Inc (DY) fell by 0.36% or $-0.08/share to $22.07. In the past year, the shares have traded as low as $12.26 and as high as $23.96. On average, 308370 shares of DY exchange hands on a given day and today's volume is recorded at 152287.
