Subscribe for free stock alerts!

Saturday, March 24, 2012

Bullish Upward Channel Detected: (NI), (QSFT), (ENSG), (CRH), (BTH)

These stocks, NiSource Inc, Quest Software Inc, The Ensign Group, Inc, CRH plc, and Blyth, Inc, have been showing upward channel patterns on March 24. This pattern is short-term bullish as the stock rises within the ascending channel, but these patterns form long downtrends as a continuation pattern. The stock displays an upward tilt and is controlled by two parallel lines. The lower line connects two consecutive higher lows. The higher line connects to consecutive higher highs. As the price hits the lower line, it bounces up to the higher line which acts as a resistance line. Investors may want to consider investing when the price hits the lower line for short-term bounce plays.

Shares of NiSource Inc (NI) traded higher by 0.33% or $0.08/share to $24.02. In the past year, the shares have traded as low as $17.59 and as high as $24.53. On average, 3147650 shares of NI exchange hands on a given day and today's volume is recorded at 2143797.

Shares of Quest Software Inc (QSFT) fell by 0.12% or $-0.03/share to $24.02. In the past year, the shares have traded as low as $14.61 and as high as $26.15. On average, 780050 shares of QSFT exchange hands on a given day and today's volume is recorded at 546588.

Shares of The Ensign Group, Inc (ENSG) traded higher by 1.65% or $0.44/share to $27.15. In the past year, the shares have traded as low as $19.52 and as high as $34.63. On average, 64900 shares of ENSG exchange hands on a given day and today's volume is recorded at 39275.

Shares of CRH plc (CRH) fell by 2.18% or $-0.46/share to $20.65. In the past year, the shares have traded as low as $13.76 and as high as $24.04. On average, 241830 shares of CRH exchange hands on a given day and today's volume is recorded at 813147.

Shares of Blyth, Inc (BTH) traded higher by 1.04% or $0.80/share to $77.5. In the past year, the shares have traded as low as $31.02 and as high as $80.71. On average, 45490 shares of BTH exchange hands on a given day and today's volume is recorded at 28561.