These stocks, DTS Inc, Kearny Financial Corp, PNM Resources, Inc, Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc, and Gran Tierra Energy, Inc, have been showing ascending triangle patterns on June 5. 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 DTS Inc (DTSI) traded higher by 0.92% or $0.25/share to $27.4. In the past year, the shares have traded as low as $20.93 and as high as $43.80. On average, 120960 shares of DTSI exchange hands on a given day and today's volume is recorded at 31202.
Shares of Kearny Financial Corp (KRNY) traded higher by 0.55% or $0.05/share to $9.18. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15200 shares of KRNY exchange hands on a given day and today's volume is recorded at 14759.
Shares of PNM Resources, Inc (PNM) traded higher by 0.99% or $0.18/share to $18.42. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 456890 shares of PNM exchange hands on a given day and today's volume is recorded at 176778.
Shares of Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc (FFC) traded higher by 0.06% or $0.01/share to $17.88. In the past year, the shares have traded as low as $13.64 and as high as $18.54. On average, 109190 shares of FFC exchange hands on a given day and today's volume is recorded at 103982.
Shares of Gran Tierra Energy, Inc (GTE) traded higher by 1.06% or $0.05/share to $4.77. In the past year, the shares have traded as low as $4.20 and as high as $7.27. On average, 799070 shares of GTE exchange hands on a given day and today's volume is recorded at 283243.
