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 August 1, 2013.
SNE Sony Corporation
IMMR Immersion Corporation
AREX Approach Resources, Inc.
TM Toyota Motor Corporation
CIE Cobalt International Energy, Inc.
EW Edwards Lifesciences Corp.
MGIC Magic Software Enterprises Ltd.
POOL Pool Corp.
SIAL Sigma-Aldrich Corporation
PSTB Park Sterling Bank Inc.
CMI Cummins Inc.
FBHS Fortune Brands Home & Security, Inc.
BITA Bitauto Holdings Limited
VVUS VIVUS Inc.
ADI Analog Devices Inc.
DIS Walt Disney Co.
FLOW Flow International Corp.
PNK Pinnacle Entertainment Inc.
ACTG Acacia Research Corporation
MKSI MKS Instruments Inc.
JMP JMP Group Inc.
PF Pinnacle Foods Inc.
PRGS Progress Software Corp.
SYRG Synergy Resources Corporation
EXAR Exar Corp.
THRX Theravance Inc.
THC Tenet Healthcare Corp.
TOL Toll Brothers Inc.
CCJ Cameco Corp.
IDT IDT Corporation
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