These stocks, Industrias Bachoco S.A.B. de C.V, iShares Diversified Alternatives Trust, Portfolio Recovery Associates Inc, MFS Charter Income Trust, and Meridian Interstate Bancorp, Inc, have been showing ascending triangle patterns on June 17. 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 Industrias Bachoco S.A.B. de C.V (IBA) fell by 0.95% or $-0.20/share to $20.75. In the past year, the shares have traded as low as $17.22 and as high as $24.25. On average, 19860 shares of IBA exchange hands on a given day and today's volume is recorded at 2221.
Shares of iShares Diversified Alternatives Trust (ALT) traded higher by 0.35% or $0.17/share to $48.94. In the past year, the shares have traded as low as $47.34 and as high as $52.64. On average, 6710 shares of ALT exchange hands on a given day and today's volume is recorded at 623.
Shares of Portfolio Recovery Associates Inc (PRAA) traded higher by 4.69% or $3.42/share to $76.35. In the past year, the shares have traded as low as $56.76 and as high as $89.67. On average, 108230 shares of PRAA exchange hands on a given day and today's volume is recorded at 313968.
Shares of MFS Charter Income Trust (MCR) traded higher by 0.42% or $0.04/share to $9.53. In the past year, the shares have traded as low as $7.82 and as high as $9.58. On average, 115810 shares of MCR exchange hands on a given day and today's volume is recorded at 90657.
Shares of Meridian Interstate Bancorp, Inc (EBSB) fell by 0.15% or $-0.02/share to $13.68. In the past year, the shares have traded as low as $10.68 and as high as $13.95. On average, 11890 shares of EBSB exchange hands on a given day and today's volume is recorded at 26098.
