These stocks, DTS Inc, PIMCO California Municipal Income Fund II, Unilife Corporation, Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc, and WesBanco 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 DTS Inc (DTSI) fell by 0.04% or $-0.01/share to $26.77. In the past year, the shares have traded as low as $20.93 and as high as $42.38. On average, 113000 shares of DTSI exchange hands on a given day and today's volume is recorded at 121824.
Shares of PIMCO California Municipal Income Fund II (PCK) remained unchanged at $10.11. In the past year, the shares have traded as low as $8.14 and as high as $10.21. On average, 70170 shares of PCK exchange hands on a given day and today's volume is recorded at 85990.
Shares of Unilife Corporation (UNIS) fell by 0.65% or $-0.03/share to $4.6. In the past year, the shares have traded as low as $2.82 and as high as $5.44. On average, 276390 shares of UNIS exchange hands on a given day and today's volume is recorded at 562178.
Shares of Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc (FFC) traded higher by 0.55% or $0.10/share to $18.16. In the past year, the shares have traded as low as $13.64 and as high as $18.54. On average, 108590 shares of FFC exchange hands on a given day and today's volume is recorded at 83558.
Shares of WesBanco Inc (WSBC) traded higher by 1.92% or $0.39/share to $20.73. In the past year, the shares have traded as low as $15.66 and as high as $21.32. On average, 59990 shares of WSBC exchange hands on a given day and today's volume is recorded at 114420.
