These stocks, Meridian Interstate Bancorp, Inc, PNM Resources, Inc, DTS Inc, Kearny Financial Corp, and Synageva BioPharma Corp, have been showing ascending triangle patterns on June 7. 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 Meridian Interstate Bancorp, Inc (EBSB) traded higher by 0.29% or $0.04/share to $13.67. In the past year, the shares have traded as low as $10.68 and as high as $13.95. On average, 11850 shares of EBSB exchange hands on a given day and today's volume is recorded at 790.
Shares of PNM Resources, Inc (PNM) fell by 0.37% or $-0.07/share to $18.7. In the past year, the shares have traded as low as $12.47 and as high as $19.05. On average, 444340 shares of PNM exchange hands on a given day and today's volume is recorded at 178794.
Shares of DTS Inc (DTSI) traded higher by 0.28% or $0.08/share to $28.18. In the past year, the shares have traded as low as $20.93 and as high as $43.80. On average, 118820 shares of DTSI exchange hands on a given day and today's volume is recorded at 16332.
Shares of Kearny Financial Corp (KRNY) remained unchanged at $9.4. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15600 shares of KRNY exchange hands on a given day and today's volume is recorded at 13918.
Shares of Synageva BioPharma Corp (GEVA) traded higher by 0.54% or $0.19/share to $35.24. In the past year, the shares have traded as low as $8.30 and as high as $40.38. On average, 80580 shares of GEVA exchange hands on a given day and today's volume is recorded at 16227.
