The Symmetric Triangle pattern usually occurs after
a stock makes a significant move over a short period
of time and then pulls back for a few weeks before
making another significant move upward. The weekly
chart of OMNI below shows that it made a quick move
in early November of 2003 and then developed a
Symmetric Triangle. OMNI then broke out again in
the early part of December and doubled in price over
the next four weeks.
