Triangle Patterns Aplenty!
Franklin Resources, Inc. (NYSE:BEN)
Franklin Resources, Inc. (NYSE:BEN) - Ascending triangle with breakout point at $105. Look for around $10-$12.5 move if it confirms breakout with good volume.
Family Dollar Stores, Inc. (NYSE: FDO)
Family Dollar Stores, Inc. (NYSE: FDO) - Ascending Triangle that is breaking out. Gapped up above 200MA this morning.
Sigma-Aldrich Corporation (NASDAQ:SIAL)
Sigma-Aldrich Corporation (NASDAQ:SIAL) - A symmetrical triangle looking to breakout. But watch for a few resistance overhead, with most immediate one being $60
Apple Inc. (NASDAQ: AAPL)
Apple Inc. (NASDAQ: AAPL) - Another symmetrical triangle looking to breakout. Look for around $13 move.
Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN)
Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) - Not really a triangle, but more like a cup & handle or inverse head & shoulder. Breakout point $33. Looking at at least $3 move. If it can fully complete the extension, then we are looking at about $6 move. But that will probably be over a longer time frame.
Remember that symmetrical triangle can break either way. Wait till near end of trading session to confirm if it can close above these breakout point (or below if its a breakdown). I prefer it to be accompanied with high volume.