These stocks, Renasant Corp, American Campus Communities Inc, Lockheed Martin Corporation, Pinnacle West Capital Corporation, and Diageo plc, have been showing upward channel patterns on March 25. 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 Renasant Corp (RNST) traded higher by 2.59% or $0.41/share to $16.26. In the past year, the shares have traded as low as $11.38 and as high as $16.99. On average, 52160 shares of RNST exchange hands on a given day and today's volume is recorded at 45949.
Shares of American Campus Communities Inc (ACC) traded higher by 0.05% or $0.02/share to $43.35. In the past year, the shares have traded as low as $30.01 and as high as $44.25. On average, 707080 shares of ACC exchange hands on a given day and today's volume is recorded at 546597.
Shares of Lockheed Martin Corporation (LMT) traded higher by 0.41% or $0.37/share to $89.77. In the past year, the shares have traded as low as $64.12 and as high as $91.01. On average, 2141210 shares of LMT exchange hands on a given day and today's volume is recorded at 1032562.
Shares of Pinnacle West Capital Corporation (PNW) traded higher by 0.34% or $0.16/share to $47.24. In the past year, the shares have traded as low as $36.46 and as high as $48.38. On average, 730310 shares of PNW exchange hands on a given day and today's volume is recorded at 303883.
Shares of Diageo plc (DEO) fell by 0.24% or $-0.23/share to $96.2. In the past year, the shares have traded as low as $69.99 and as high as $97.76. On average, 585510 shares of DEO exchange hands on a given day and today's volume is recorded at 455700.
