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Sunday, July 21, 2013

Stocks to Watch Bullish Ascending Triangle on July 22, 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 19, 2013.

Ticker     Company    
SYRG    Synergy Resources Corporation
PAMT    Parametric Sound Corp.
PCYC    Pharmacyclics Inc.
AREX    Approach Resources, Inc.
PF    Pinnacle Foods Inc.
EMN    Eastman Chemical Co.
CMI    Cummins Inc.
STC    Stewart Information Services Corp.
KLAC    KLA-Tencor Corporation
NPO    EnPro Industries, Inc.
KEX    Kirby Corporation
CCJ    Cameco Corp.
EXAR    Exar Corp.
LLTC    Linear Technology Corp.
MKSI    MKS Instruments Inc.
FRC    First Republic Bank
THC    Tenet Healthcare Corp.


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