These stocks, Tetra Tech Inc, Compuware Corporation, PIMCO Short Term Muni Bond Strgy ETF, Intuit Inc, and Netspend Holdings, 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 Tetra Tech Inc (TTEK) fell by 2.50% or $-0.66/share to $25.75. In the past year, the shares have traded as low as $17.31 and as high as $28.00. On average, 364630 shares of TTEK exchange hands on a given day and today's volume is recorded at 361295.
Shares of Compuware Corporation (CPWR) fell by 0.30% or $-0.03/share to $10.01. In the past year, the shares have traded as low as $6.97 and as high as $10.17. On average, 1923520 shares of CPWR exchange hands on a given day and today's volume is recorded at 1180376.
Shares of PIMCO Short Term Muni Bond Strgy ETF (SMMU) fell by 0.14% or $-0.07/share to $50.58. In the past year, the shares have traded as low as $49.52 and as high as $51.90. On average, 3530 shares of SMMU exchange hands on a given day and today's volume is recorded at 375.
Shares of Intuit Inc (INTU) traded higher by 1.19% or $0.70/share to $59.65. In the past year, the shares have traded as low as $42.94 and as high as $62.01. On average, 1752370 shares of INTU exchange hands on a given day and today's volume is recorded at 5214808.
Shares of Netspend Holdings, Inc (NTSP) fell by 0.42% or $-0.04/share to $9.43. In the past year, the shares have traded as low as $4.36 and as high as $9.70. On average, 552510 shares of NTSP exchange hands on a given day and today's volume is recorded at 550032.
