These stocks, iShares MSCI Pacific ex-Japan, Kearny Financial Corp, CAE Inc, and Corning Inc, have been showing ascending triangle patterns on May 11. 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 iShares MSCI Pacific ex-Japan (EPP) fell by 0.85% or $-0.36/share to $41.87. In the past year, the shares have traded as low as $33.73 and as high as $47.57. On average, 551150 shares of EPP exchange hands on a given day and today's volume is recorded at 214831.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.31% or $0.03/share to $9.56. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 14970 shares of KRNY exchange hands on a given day and today's volume is recorded at 1829.
Shares of CAE Inc (CAE) traded higher by 1.19% or $0.12/share to $10.21. In the past year, the shares have traded as low as $8.43 and as high as $13.46. On average, 18040 shares of CAE exchange hands on a given day and today's volume is recorded at 8010.
Shares of Corning Inc (GLW) fell by 0.11% or $-0.01/share to $13.31. In the past year, the shares have traded as low as $11.40 and as high as $20.81. On average, 16575070 shares of GLW exchange hands on a given day and today's volume is recorded at 4672025.
