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 26, 2013.
PNK Pinnacle Entertainment Inc.
THC Tenet Healthcare Corp.
VVUS VIVUS Inc.
TTS Tile Shop Holdings, Inc.
PSTB Park Sterling Bank Inc.
BITA Bitauto Holdings Limited
EW Edwards Lifesciences Corp.
FBHS Fortune Brands Home & Security, Inc.
CCJ Cameco Corp.
EXAR Exar Corp.
TOL Toll Brothers Inc.
PRGS Progress Software Corp.
ADI Analog Devices Inc.
PF Pinnacle Foods Inc.
CIE Cobalt International Energy, Inc.
CMI Cummins Inc.
AREX Approach Resources, Inc.
CST CST Brands, Inc.
MKSI MKS Instruments Inc.
EMN Eastman Chemical Co.
ACTG Acacia Research Corporation
CBEY Cbeyond, Inc.
TPC Tutor Perini Corporation
BKMU Bank Mutual Corporation
CAM Cameron International Corporation
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