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 Right here. day .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 Right here. day .You can also check previous stocks to buy reports- Right Here
Below these are the Bullish Ascending Triangle Pattern stocks on August 9, 2013.
X United States Steel Corp.
DSX Diana Shipping Inc.
IMMR Immersion Corporation
TA TravelCenters of America LLC
PACB Pacific Biosciences of California, Inc.
THRX Theravance Inc.
EXR Extra Space Storage Inc.
DB Deutsche Bank AG
MSG The Madison Square Garden Company
CIE Cobalt International Energy, Inc.
SIAL Sigma-Aldrich Corporation
CMI Cummins Inc.
TOL Toll Brothers Inc.
PNK Pinnacle Entertainment Inc.
BP BP plc
CE Celanese Corporation
ARTC ArthroCare Corporation
AREX Approach Resources, Inc.
EW Edwards Lifesciences Corp.
POOL Pool Corp.
SNE Sony Corporation
PRGS Progress Software Corp.
TM Toyota Motor Corporation
AJG Arthur J Gallagher & Co.
EBAY eBay Inc.
AHS AMN Healthcare Services Inc.
FCN FTI Consulting, Inc.
FBHS Fortune Brands Home & Security, Inc.
ACTG Acacia Research Corporation
MKSI MKS Instruments Inc.
DIS Walt Disney Co.
EXAR Exar Corp.
SYRG Synergy Resources Corporation
VVUS VIVUS Inc.
DV DeVry, Inc.
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