These stocks, TMS International Corp, Federated Investors, Inc, Marriott Vacations Worldwide Corp, ESCO Technologies Inc, and Sangamo Biosciences 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 TMS International Corp (TMS) fell by 0.48% or $-0.05/share to $10.3. In the past year, the shares have traded as low as $6.81 and as high as $13.16. On average, 49650 shares of TMS exchange hands on a given day and today's volume is recorded at 20081.
Shares of Federated Investors, Inc (FII) traded higher by 0.69% or $0.15/share to $21.93. In the past year, the shares have traded as low as $13.86 and as high as $23.36. On average, 1025480 shares of FII exchange hands on a given day and today's volume is recorded at 504904.
Shares of Marriott Vacations Worldwide Corp (VAC) fell by 1.47% or $-0.53/share to $35.55. In the past year, the shares have traded as low as $15.75 and as high as $36.20. On average, 267190 shares of VAC exchange hands on a given day and today's volume is recorded at 113126.
Shares of ESCO Technologies Inc (ESE) traded higher by 0.10% or $0.04/share to $38.32. In the past year, the shares have traded as low as $23.58 and as high as $39.26. On average, 92670 shares of ESE exchange hands on a given day and today's volume is recorded at 28156.
Shares of Sangamo Biosciences Inc (SGMO) fell by 0.31% or $-0.02/share to $6.47. In the past year, the shares have traded as low as $2.36 and as high as $6.56. On average, 240570 shares of SGMO exchange hands on a given day and today's volume is recorded at 135302.
