These stocks, EnerSys, First Interstate Bancsystem Inc, EXCO Resources Inc, ICU Medical, Inc, and Inter Parfums Inc, have been showing ascending triangle patterns on August 22. 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 EnerSys (ENS) fell by 0.08% or $-0.03/share to $37.66. In the past year, the shares have traded as low as $17.50 and as high as $38.74. On average, 359840 shares of ENS exchange hands on a given day and today's volume is recorded at 406468.
Shares of First Interstate Bancsystem Inc (FIBK) traded higher by 0.85% or $0.12/share to $14.22. In the past year, the shares have traded as low as $9.12 and as high as $15.00. On average, 33910 shares of FIBK exchange hands on a given day and today's volume is recorded at 13613.
Shares of EXCO Resources Inc (XCO) traded higher by 1.76% or $0.13/share to $7.5. In the past year, the shares have traded as low as $5.61 and as high as $13.55. On average, 5252470 shares of XCO exchange hands on a given day and today's volume is recorded at 2380021.
Shares of ICU Medical, Inc (ICUI) fell by 0.58% or $-0.33/share to $56.23. In the past year, the shares have traded as low as $35.58 and as high as $57.38. On average, 89080 shares of ICUI exchange hands on a given day and today's volume is recorded at 67206.
Shares of Inter Parfums Inc (IPAR) fell by 1.08% or $-0.19/share to $17.33. In the past year, the shares have traded as low as $13.62 and as high as $19.60. On average, 78120 shares of IPAR exchange hands on a given day and today's volume is recorded at 22622.
