These stocks, HSBC Holdings plc, Marriott Vacations Worldwide Corp, Roadrunner Transportation Systems, Inc, Taubman Centers Inc, and First Interstate Bancsystem Inc, have been showing ascending triangle patterns on September 3. 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 HSBC Holdings plc (HBC) traded higher by 0.30% or $0.13/share to $43.63. In the past year, the shares have traded as low as $34.10 and as high as $45.20. On average, 1967790 shares of HBC exchange hands on a given day and today's volume is recorded at 1450529.
Shares of Marriott Vacations Worldwide Corp (VAC) remained unchanged at $32.12. In the past year, the shares have traded as low as $15.75 and as high as $33.64. On average, 286840 shares of VAC exchange hands on a given day and today's volume is recorded at 125955.
Shares of Roadrunner Transportation Systems, Inc (RRTS) traded higher by 1.16% or $0.20/share to $17.48. In the past year, the shares have traded as low as $12.66 and as high as $19.06. On average, 119550 shares of RRTS exchange hands on a given day and today's volume is recorded at 174324.
Shares of Taubman Centers Inc (TCO) traded higher by 0.55% or $0.44/share to $80.02. In the past year, the shares have traded as low as $45.80 and as high as $80.37. On average, 569640 shares of TCO exchange hands on a given day and today's volume is recorded at 824776.
Shares of First Interstate Bancsystem Inc (FIBK) fell by 0.42% or $-0.06/share to $14.3. In the past year, the shares have traded as low as $9.12 and as high as $15.00. On average, 36530 shares of FIBK exchange hands on a given day and today's volume is recorded at 41608.
