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
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 23, 2013.
PACB Pacific Biosciences of California, Inc.
SYRG Synergy Resources Corporation
TOL Toll Brothers Inc.
RDCM Radcom Ltd.
ADI Analog Devices Inc.
LLTC Linear Technology Corp.
EMN Eastman Chemical Co.
THC Tenet Healthcare Corp.
CBF Capital Bank Financial Corp.
PF Pinnacle Foods Inc.
CMI Cummins Inc.
STC Stewart Information Services Corp.
TPC Tutor Perini Corporation
TTC Toro Co.
MKSI MKS Instruments Inc.
AREX Approach Resources, Inc.
NPO EnPro Industries, Inc.
KEX Kirby Corporation
EXAR Exar Corp.
SNDK SanDisk Corp.
VVUS VIVUS Inc.
CCJ Cameco Corp.
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