These stocks, Black Diamond, Inc, Loews Corporation, EXCO Resources Inc, RBC Bearings Inc, and American Campus Communities Inc, have been showing ascending triangle patterns on July 19. 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 Black Diamond, Inc (BDE) fell by 0.19% or $-0.02/share to $10.41. In the past year, the shares have traded as low as $6.00 and as high as $10.61. On average, 97510 shares of BDE exchange hands on a given day and today's volume is recorded at 26529.
Shares of Loews Corporation (L) fell by 0.07% or $-0.03/share to $40.99. In the past year, the shares have traded as low as $32.74 and as high as $41.73. On average, 1085570 shares of L exchange hands on a given day and today's volume is recorded at 1363165.
Shares of EXCO Resources Inc (XCO) traded higher by 1.38% or $0.10/share to $7.34. In the past year, the shares have traded as low as $5.61 and as high as $16.38. On average, 6079520 shares of XCO exchange hands on a given day and today's volume is recorded at 4356828.
Shares of RBC Bearings Inc (ROLL) traded higher by 0.55% or $0.27/share to $49.24. In the past year, the shares have traded as low as $29.39 and as high as $49.47. On average, 78630 shares of ROLL exchange hands on a given day and today's volume is recorded at 45042.
Shares of American Campus Communities Inc (ACC) fell by 0.72% or $-0.34/share to $46.77. In the past year, the shares have traded as low as $31.49 and as high as $47.14. On average, 968490 shares of ACC exchange hands on a given day and today's volume is recorded at 1126886.
