These stocks, EXCO Resources Inc, Covance Inc, Tetra Tech Inc, Inter Parfums Inc, and First Interstate Bancsystem Inc, have been showing ascending triangle patterns on August 21. 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 EXCO Resources Inc (XCO) fell by 1.73% or $-0.13/share to $7.37. In the past year, the shares have traded as low as $5.61 and as high as $13.55. On average, 5268490 shares of XCO exchange hands on a given day and today's volume is recorded at 3744922.
Shares of Covance Inc (CVD) traded higher by 0.58% or $0.28/share to $48.49. In the past year, the shares have traded as low as $42.02 and as high as $53.02. On average, 506130 shares of CVD exchange hands on a given day and today's volume is recorded at 374531.
Shares of Tetra Tech Inc (TTEK) fell by 1.09% or $-0.29/share to $26.41. In the past year, the shares have traded as low as $17.31 and as high as $28.00. On average, 367690 shares of TTEK exchange hands on a given day and today's volume is recorded at 230334.
Shares of Inter Parfums Inc (IPAR) traded higher by 0.52% or $0.09/share to $17.52. In the past year, the shares have traded as low as $13.62 and as high as $19.60. On average, 78380 shares of IPAR exchange hands on a given day and today's volume is recorded at 56284.
Shares of First Interstate Bancsystem Inc (FIBK) remained unchanged at $14.1. In the past year, the shares have traded as low as $9.12 and as high as $15.00. On average, 33960 shares of FIBK exchange hands on a given day and today's volume is recorded at 28147.
