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 15, 2013.
MMLP Martin Midstream Partners LP
CIE Cobalt International Energy, Inc.
DB Deutsche Bank AG
DSX Diana Shipping Inc.
BP BP plc
AREX Approach Resources, Inc.
X United States Steel Corp.
CST CST Brands, Inc.
SIAL Sigma-Aldrich Corporation
SNE Sony Corporation
CUBE CubeSmart
PACB Pacific Biosciences of California, Inc.
FCN FTI Consulting, Inc.
TM Toyota Motor Corporation
MSG The Madison Square Garden Company
EBAY eBay Inc.
EW Edwards Lifesciences Corp.
THRX Theravance Inc.
CMI Cummins Inc.
CE Celanese Corporation
AJG Arthur J Gallagher & Co.
DIS Walt Disney Co.
VVUS VIVUS Inc.
CBEY Cbeyond, Inc.
EXR Extra Space Storage Inc.
POOL Pool Corp.
MKSI MKS Instruments Inc.
IMMR Immersion Corporation
GMCR Green Mountain Coffee Roasters Inc.
OMER Omeros Corporation
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