These stocks, Carter's, Inc, American Vanguard Corp, State Auto Financial Corp, American Campus Communities Inc, and Advent Software, Inc, have been showing ascending triangle patterns on July 12. 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 Carter's, Inc (CRI) traded higher by 1.05% or $0.55/share to $52.96. In the past year, the shares have traded as low as $27.44 and as high as $57.27. On average, 835240 shares of CRI exchange hands on a given day and today's volume is recorded at 556164.
Shares of American Vanguard Corp (AVD) traded higher by 1.80% or $0.49/share to $27.65. In the past year, the shares have traded as low as $9.56 and as high as $28.76. On average, 306770 shares of AVD exchange hands on a given day and today's volume is recorded at 124738.
Shares of State Auto Financial Corp (STFC) traded higher by 2.08% or $0.30/share to $14.69. In the past year, the shares have traded as low as $9.75 and as high as $17.20. On average, 33200 shares of STFC exchange hands on a given day and today's volume is recorded at 55174.
Shares of American Campus Communities Inc (ACC) traded higher by 3.22% or $1.42/share to $45.52. In the past year, the shares have traded as low as $31.49 and as high as $45.87. On average, 835450 shares of ACC exchange hands on a given day and today's volume is recorded at 3860193.
Shares of Advent Software, Inc (ADVS) fell by 0.33% or $-0.09/share to $26.83. In the past year, the shares have traded as low as $19.00 and as high as $29.42. On average, 147600 shares of ADVS exchange hands on a given day and today's volume is recorded at 124327.
