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.
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 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.
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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