These stocks, Innophos Holdings Inc, Celadon Group Inc, Synageva BioPharma Corp, Gran Tierra Energy, Inc, and Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc, have been showing ascending triangle patterns on June 8. 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 Innophos Holdings Inc (IPHS) traded higher by 0.67% or $0.35/share to $52.89. 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 56110.
Shares of Celadon Group Inc (CGI) traded higher by 3.53% or $0.55/share to $16.11. In the past year, the shares have traded as low as $8.15 and as high as $16.48. On average, 141980 shares of CGI exchange hands on a given day and today's volume is recorded at 231825.
Shares of Synageva BioPharma Corp (GEVA) traded higher by 4.09% or $1.44/share to $36.69. In the past year, the shares have traded as low as $8.30 and as high as $40.38. On average, 80730 shares of GEVA exchange hands on a given day and today's volume is recorded at 52505.
Shares of Gran Tierra Energy, Inc (GTE) fell by 3.31% or $-0.17/share to $4.96. 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 290680.
Shares of Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc (FFC) traded higher by 0.49% or $0.09/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, 108390 shares of FFC exchange hands on a given day and today's volume is recorded at 61270.
