These stocks, Protective Life Corp, Sterling Bancorp, EXCO Resources Inc, Intuit Inc, and Interval Leisure Group, 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 Protective Life Corp (PL) fell by 0.29% or $-0.08/share to $27.51. In the past year, the shares have traded as low as $13.35 and as high as $30.34. On average, 654170 shares of PL exchange hands on a given day and today's volume is recorded at 396767.
Shares of Sterling Bancorp (STL) remained unchanged at $10.34. In the past year, the shares have traded as low as $6.39 and as high as $10.58. On average, 64480 shares of STL exchange hands on a given day and today's volume is recorded at 45226.
Shares of EXCO Resources Inc (XCO) fell by 0.82% or $-0.06/share to $7.23. In the past year, the shares have traded as low as $5.59 and as high as $13.27. On average, 4604900 shares of XCO exchange hands on a given day and today's volume is recorded at 2698655.
Shares of Intuit Inc (INTU) fell by 0.86% or $-0.51/share to $58.85. In the past year, the shares have traded as low as $44.32 and as high as $62.01. On average, 1761470 shares of INTU exchange hands on a given day and today's volume is recorded at 1713722.
Shares of Interval Leisure Group, Inc (IILG) fell by 2.01% or $-0.41/share to $19.98. In the past year, the shares have traded as low as $11.68 and as high as $20.70. On average, 193850 shares of IILG exchange hands on a given day and today's volume is recorded at 80001.
