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Monday, January 9, 2012

Stocks to Watch Bullish Ascending Triangle Patterns: DOW, AKS, PJC, GNW, APO, AOL - 1/9/12

Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.

Ascending Triangle pattern is bullish, the length and duration do not matter. What is important is the robustness of the formation. Below those stocks are not that important, but the average pattern lasts 1 to 2 month. As the pattern these stock hits a break point, volume usually expands. The expansion confirms the breakout. This stock has been on a upswing, thus allowing investors to identify a resistance point. Investors may wan to consider going bearish on a breakpoints above the resistance point to take out profit.Also more stock to watch for today   Right Here.

Dow Chemical Company (DOW)-Shares of The Dow Chemical Company (DOW) traded higher by 0.60% or $0.18/share to $30.32. In the past year, the shares have traded as low as $20.43 and as high as $41.16. Resistance level is $33 and support level is $29.

AK Steel Holding Corporation (AKS)-Shares of AK Steel Holding Corporation (AKS) traded higher by 0.69% or $0.06/share to $8.75. In the past year, the shares have traded as low as $5.48 and as high as $17.61. Resistance level is $9.44 and support level is $8.

United States Steel Corp (X)-Shares of United States Steel Corp (X) fell by 1.76% or $-0.49/share to $27.3. In the past year, the shares have traded as low as $18.81 and as high as $63.76. Resistance level is $29 and support level is $25.

Below these are the Ascending Triangle pattern January 6, 2012.

Ticker     Company    
AKS    AK Steel Holding Corporation
AOL    AOL, Inc.
APO    Apollo Global Management, LLC
ATMI    ATMI Inc.
BKU    BankUnited, Inc.
BRC    Brady Corp.
BTE    Baytex Energy Corp.
CALD    Callidus Software Inc.
CBLI    Cleveland BioLabs, Inc.
CFN    CareFusion Corporation
CGI    Celadon Group Inc.
CGV    Compagnie G
CNQ    Canadian Natural Resources Limited
CRH    CRH plc
CSCO    Cisco Systems, Inc.
CYT    Cytec Industries Inc.
DOV    Dover Corp.
DOW    The Dow Chemical Company
FSL    Freescale Semiconductor Holdings I, Ltd.
GGC    Georgia Gulf Corp.
GNW    Genworth Financial Inc.
INTU    Intuit Inc.
JBL    Jabil Circuit Inc.
KNX    Knight Transportation Inc.
LEAP    Leap Wireless International Inc.
LNCE    Snyder's-Lance, Inc.
LTXC    LTX-Credence Corporation
MKTX    MarketAxess Holdings Inc.
MMM    3M Co.
MMS    MAXIMUS, Inc.
MSI    Motorola Solutions, Inc.
NWSA    News Corp.
ONNN    ON Semiconductor Corp.
PEET    Peet's Coffee & Tea, Inc.
SEE    Sealed Air Corporation
SEIC    SEI Investments Co.
SWFT    Swift Transportation Company
UL    Unilever plc
WTR    Aqua America Inc.
XEC    Cimarex Energy Co.


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