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Monday, July 15, 2013

Stocks to Watch Bullish Ascending Triangle on July 16, 2013

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.

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here

Below these are the Bullish Ascending Triangle Pattern stocks on July 15, 2013.

Ticker     Company    
XPO    XPO Logistics, Inc.
CBEY    Cbeyond, Inc.
MGIC    Magic Software Enterprises Ltd.
CKEC    Carmike Cinemas Inc.
SYRG    Synergy Resources Corporation
BKMU    Bank Mutual Corporation
EXAR    Exar Corp.
CST    CST Brands, Inc.
STC    Stewart Information Services Corp.
CMI    Cummins Inc.
KEX    Kirby Corporation
XTXI    Crosstex Energy Inc.
QSII    Quality Systems Inc.
CBF    Capital Bank Financial Corp.
FRC    First Republic Bank
KR    The Kroger Co.
EMN    Eastman Chemical Co.
ADI    Analog Devices Inc.
TMK    Torchmark Corp.
PACB    Pacific Biosciences of California, Inc.
AFCE    AFC Enterprises Inc.
THC    Tenet Healthcare Corp.
JKHY    Jack Henry & Associates Inc.
ESIO    Electro Scientific Industries Inc.
MKSI    MKS Instruments Inc.
TTC    Toro Co.
PCYC    Pharmacyclics Inc.
TOL    Toll Brothers Inc.
PAMT    Parametric Sound Corp.

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