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 31, 2013.
CMI Cummins Inc.
FLOW Flow International Corp.
AREX Approach Resources, Inc.
AJG Arthur J Gallagher & Co.
PSTB Park Sterling Bank Inc.
EW Edwards Lifesciences Corp.
ADI Analog Devices Inc.
IDT IDT Corporation
MGIC Magic Software Enterprises Ltd.
THC Tenet Healthcare Corp.
FBHS Fortune Brands Home & Security, Inc.
VVUS VIVUS Inc.
POOL Pool Corp.
PRGS Progress Software Corp.
PF Pinnacle Foods Inc.
TM Toyota Motor Corporation
ACTG Acacia Research Corporation
CIE Cobalt International Energy, Inc.
MKSI MKS Instruments Inc.
SYRG Synergy Resources Corporation
PNK Pinnacle Entertainment Inc.
CCJ Cameco Corp.
AMRE AmREIT, Inc.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
http://daytradingstock-blog.blogspot.com
