These stocks, DTS Inc, Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc, Gran Tierra Energy, Inc, Innophos Holdings Inc, and Kearny Financial Corp, have been showing ascending triangle patterns on June 10. 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 1.58% or $0.44/share to $28.37. In the past year, the shares have traded as low as $20.93 and as high as $43.80. On average, 113380 shares of DTSI exchange hands on a given day and today's volume is recorded at 90199.
Shares of Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc (FFC) traded higher by 0.61% or $0.11/share to $18.18. In the past year, the shares have traded as low as $13.64 and as high as $18.54. On average, 108390 shares of FFC exchange hands on a given day and today's volume is recorded at 85738.
Shares of Gran Tierra Energy, Inc (GTE) fell by 4.09% or $-0.21/share to $4.92. In the past year, the shares have traded as low as $4.20 and as high as $7.27. On average, 767820 shares of GTE exchange hands on a given day and today's volume is recorded at 378515.
Shares of Innophos Holdings Inc (IPHS) traded higher by 0.36% or $0.19/share to $52.73. In the past year, the shares have traded as low as $35.60 and as high as $53.23. On average, 210030 shares of IPHS exchange hands on a given day and today's volume is recorded at 94474.
Shares of Kearny Financial Corp (KRNY) traded higher by 1.50% or $0.14/share to $9.47. In the past year, the shares have traded as low as $7.86 and as high as $10.06. On average, 15910 shares of KRNY exchange hands on a given day and today's volume is recorded at 26059.
