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 13, 2013.
EBAY eBay Inc.
TM Toyota Motor Corporation
AJG Arthur J Gallagher & Co.
CE Celanese Corporation
CMI Cummins Inc.
IMMR Immersion Corporation
THRX Theravance Inc.
POOL Pool Corp.
BP BP plc
SNE Sony Corporation
AREX Approach Resources, Inc.
PNK Pinnacle Entertainment Inc.
MKSI MKS Instruments Inc.
FCN FTI Consulting, Inc.
DSX Diana Shipping Inc.
PF Pinnacle Foods Inc.
SIAL Sigma-Aldrich Corporation
PRGS Progress Software Corp.
DIS Walt Disney Co.
GMCR Green Mountain Coffee Roasters Inc.
CUBE CubeSmart
PACB Pacific Biosciences of California, Inc.
EW Edwards Lifesciences Corp.
DB Deutsche Bank AG
CIE Cobalt International Energy, Inc.
EXR Extra Space Storage Inc.
MSG The Madison Square Garden Company
NUE Nucor Corporation
DV DeVry, Inc.
XRTX Xyratex Ltd.
VVUS VIVUS Inc.
TOL Toll Brothers Inc.
CBEY Cbeyond, Inc.
X United States Steel Corp.
OMER Omeros Corporation
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