These stocks, Celadon Group Inc, DTS Inc, Innophos Holdings Inc, Gran Tierra Energy, Inc, and Chesapeake Utilities Corporation, have been showing ascending triangle patterns on June 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 Celadon Group Inc (CGI) traded higher by 0.65% or $0.11/share to $16.31. In the past year, the shares have traded as low as $8.16 and as high as $16.48. On average, 145390 shares of CGI exchange hands on a given day and today's volume is recorded at 232052.
Shares of DTS Inc (DTSI) fell by 1.73% or $-0.49/share to $27.88. In the past year, the shares have traded as low as $20.93 and as high as $43.80. On average, 111740 shares of DTSI exchange hands on a given day and today's volume is recorded at 61121.
Shares of Innophos Holdings Inc (IPHS) fell by 2.58% or $-1.36/share to $51.37. In the past year, the shares have traded as low as $35.60 and as high as $53.23. On average, 208320 shares of IPHS exchange hands on a given day and today's volume is recorded at 167537.
Shares of Gran Tierra Energy, Inc (GTE) fell by 1.63% or $-0.08/share to $4.84. In the past year, the shares have traded as low as $4.20 and as high as $7.27. On average, 750100 shares of GTE exchange hands on a given day and today's volume is recorded at 192114.
Shares of Chesapeake Utilities Corporation (CPK) traded higher by 0.83% or $0.36/share to $43.65. In the past year, the shares have traded as low as $35.11 and as high as $44.17. On average, 35100 shares of CPK exchange hands on a given day and today's volume is recorded at 16304.
