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 23, 2013.
GMCR Green Mountain Coffee Roasters Inc.
SNE Sony Corporation
NKA Niska Gas Storage Partners LLC
DSX Diana Shipping Inc.
SKM SK Telecom Co. Ltd.
X United States Steel Corp.
BP BP plc
DB Deutsche Bank AG
EBAY eBay Inc.
CECE CECO Environmental Corp.
MTSN Mattson Technology Inc.
VRNT Verint Systems Inc.
AJG Arthur J Gallagher & Co.
BCEI Bonanza Creek Energy, Inc.
RDC Rowan Companies Inc.
WETF WisdomTree Investments, Inc.
ROC Rockwood Holdings, Inc.
CE Celanese Corporation
BKE Buckle Inc.
HP Helmerich & Payne Inc.
POOL Pool Corp.
PTP Platinum Underwriters Holdings Ltd.
THRX Theravance Inc.
WCN Waste Connections Inc.
NGS Natural Gas Services Group Inc.
CMRE Costamare Inc.
CSUN China Sunergy Co. Ltd.
CBRL Cracker Barrel Old Country Store, Inc.
XRTX Xyratex Ltd.
NKE Nike Inc.
OMX OfficeMax Incorporated
INUV Inuvo, Inc.
CST CST Brands, Inc.
OMER Omeros Corporation
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