These stocks, Compuware Corporation, EXCO Resources Inc, ICU Medical, Inc, Tetra Tech Inc, and The Allstate Corporation, have been showing ascending triangle patterns on August 6. 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 Compuware Corporation (CPWR) traded higher by 3.66% or $0.33/share to $9.35. In the past year, the shares have traded as low as $6.97 and as high as $9.60. On average, 1935260 shares of CPWR exchange hands on a given day and today's volume is recorded at 1881272.
Shares of EXCO Resources Inc (XCO) traded higher by 0.42% or $0.03/share to $7.11. In the past year, the shares have traded as low as $5.61 and as high as $15.41. On average, 5745260 shares of XCO exchange hands on a given day and today's volume is recorded at 3604638.
Shares of ICU Medical, Inc (ICUI) traded higher by 0.11% or $0.06/share to $53.88. In the past year, the shares have traded as low as $35.58 and as high as $54.11. On average, 87740 shares of ICUI exchange hands on a given day and today's volume is recorded at 66705.
Shares of Tetra Tech Inc (TTEK) traded higher by 0.82% or $0.21/share to $25.81. In the past year, the shares have traded as low as $17.31 and as high as $28.00. On average, 386050 shares of TTEK exchange hands on a given day and today's volume is recorded at 391166.
Shares of The Allstate Corporation (ALL) remained unchanged at $37.04. In the past year, the shares have traded as low as $21.79 and as high as $37.36. On average, 4822140 shares of ALL exchange hands on a given day and today's volume is recorded at 4107837.
