These stocks, Intuit Inc, Stryker Corp, Netspend Holdings, Inc, Sterling Bancorp, and Privatebancorp 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 Intuit Inc (INTU) traded higher by 0.57% or $0.33/share to $58.54. In the past year, the shares have traded as low as $44.32 and as high as $62.01. On average, 1828210 shares of INTU exchange hands on a given day and today's volume is recorded at 1388361.
Shares of Stryker Corp (SYK) traded higher by 0.28% or $0.15/share to $53.26. In the past year, the shares have traded as low as $44.02 and as high as $56.93. On average, 1692360 shares of SYK exchange hands on a given day and today's volume is recorded at 959880.
Shares of Netspend Holdings, Inc (NTSP) traded higher by 0.32% or $0.03/share to $9.48. In the past year, the shares have traded as low as $4.36 and as high as $9.70. On average, 610080 shares of NTSP exchange hands on a given day and today's volume is recorded at 532426.
Shares of Sterling Bancorp (STL) traded higher by 0.81% or $0.08/share to $9.93. In the past year, the shares have traded as low as $6.45 and as high as $10.12. On average, 60060 shares of STL exchange hands on a given day and today's volume is recorded at 88128.
Shares of Privatebancorp Inc (PVTB) traded higher by 1.05% or $0.17/share to $16.3. In the past year, the shares have traded as low as $6.42 and as high as $16.75. On average, 385500 shares of PVTB exchange hands on a given day and today's volume is recorded at 406787.
