P&F Bearish Triangles 5 26 2017

Triangles are formed when both the supply and demand for the stock are drying up. Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle. This stalemate between buyers and sellers is finally resolved by a double top breakout in the case of a bullish triangle breakout, or by a double bottom breakdown in the case of a bearish triangle breakdown.
JCPJC Penney Co, Inc.NYSECyclicalsBroadline Retailers0.4mid4.7111427742
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GCIGannett Co., Inc.NYSECyclicalsPublishing17.8sml7.82958228
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SFNCSimmons First National Corp.NASDFinancialBanks23.7sml51.3325296
IIINInsteel Industries, Inc.NASDIndustrialBuilding Materials16.4sml31.32113403