These stocks, Covance Inc, Stryker Corp, West Coast Bancorp, Zillow, Inc, and Accretive Health, Inc, have been showing ascending triangle patterns on September 19. 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 Covance Inc (CVD) fell by 0.02% or $-0.01/share to $47.35. In the past year, the shares have traded as low as $42.02 and as high as $53.02. On average, 377320 shares of CVD exchange hands on a given day and today's volume is recorded at 159132.
Shares of Stryker Corp (SYK) traded higher by 0.13% or $0.07/share to $56.0. In the past year, the shares have traded as low as $44.02 and as high as $56.92. On average, 1749090 shares of SYK exchange hands on a given day and today's volume is recorded at 1073153.
Shares of West Coast Bancorp (WCBO) fell by 0.15% or $-0.03/share to $20.39. In the past year, the shares have traded as low as $13.38 and as high as $20.99. On average, 47880 shares of WCBO exchange hands on a given day and today's volume is recorded at 45799.
Shares of Zillow, Inc (Z) traded higher by 7.99% or $3.42/share to $46.23. In the past year, the shares have traded as low as $21.22 and as high as $45.50. On average, 796850 shares of Z exchange hands on a given day and today's volume is recorded at 1170640.
Shares of Accretive Health, Inc (AH) fell by 2.44% or $-0.28/share to $11.2. In the past year, the shares have traded as low as $7.75 and as high as $29.10. On average, 991110 shares of AH exchange hands on a given day and today's volume is recorded at 591775.
