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.
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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 25, 2013.
EXAR Exar Corp.
PNK Pinnacle Entertainment Inc.
CBEY Cbeyond, Inc.
VVUS VIVUS Inc.
BKMU Bank Mutual Corporation
DHT DHT Holdings, Inc.
RCPT Receptos, Inc.
TPC Tutor Perini Corporation
STC Stewart Information Services Corp.
NKA Niska Gas Storage Partners LLC
SYRG Synergy Resources Corporation
PSTB Park Sterling Bank Inc.
ADI Analog Devices Inc.
THC Tenet Healthcare Corp.
CIE Cobalt International Energy, Inc.
EW Edwards Lifesciences Corp.
CCJ Cameco Corp.
EMN Eastman Chemical Co.
FLOW Flow International Corp.
PF Pinnacle Foods Inc.
BITA Bitauto Holdings Limited
CMI Cummins Inc.
MKSI MKS Instruments Inc.
GFF Griffon Corporation
AREX Approach Resources, Inc.
TOL Toll Brothers Inc.
CAM Cameron International Corporation
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