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Tuesday, July 30, 2013

Stocks to Watch Bullish Ascending Triangle on July 31, 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 30, 2013.

Ticker     Company    
CIE    Cobalt International Energy, Inc.
VVUS    VIVUS Inc.
CMI    Cummins Inc.
CAM    Cameron International Corporation
PNK    Pinnacle Entertainment Inc.
ADI    Analog Devices Inc.
CCJ    Cameco Corp.
FBHS    Fortune Brands Home & Security, Inc.
EW    Edwards Lifesciences Corp.
ACTG    Acacia Research Corporation
THC    Tenet Healthcare Corp.

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