These stocks, Gran Tierra Energy, Inc, Kearny Financial Corp, DTS Inc, PNM Resources, Inc, and Eaton Vance Municipal Income Trust, have been showing ascending triangle patterns on June 4. 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 Gran Tierra Energy, Inc (GTE) fell by 1.87% or $-0.09/share to $4.66. In the past year, the shares have traded as low as $4.20 and as high as $7.27. On average, 801300 shares of GTE exchange hands on a given day and today's volume is recorded at 417246.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.94% or $0.08/share to $9.1. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15390 shares of KRNY exchange hands on a given day and today's volume is recorded at 13913.
Shares of DTS Inc (DTSI) fell by 0.36% or $-0.10/share to $27.3. In the past year, the shares have traded as low as $20.93 and as high as $44.65. On average, 122420 shares of DTSI exchange hands on a given day and today's volume is recorded at 67058.
Shares of PNM Resources, Inc (PNM) fell by 0.38% or $-0.07/share to $18.15. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 464790 shares of PNM exchange hands on a given day and today's volume is recorded at 193047.
Shares of Eaton Vance Municipal Income Trust (EVN) traded higher by 0.38% or $0.05/share to $14.09. In the past year, the shares have traded as low as $10.35 and as high as $14.06. On average, 62650 shares of EVN exchange hands on a given day and today's volume is recorded at 32631.
