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 28, 2013.
GMCR Green Mountain Coffee Roasters Inc.
OMX OfficeMax Incorporated
BCEI Bonanza Creek Energy, Inc.
SYRG Synergy Resources Corporation
BP BP plc
NKE Nike Inc.
RDC Rowan Companies Inc.
SKM SK Telecom Co. Ltd.
DB Deutsche Bank AG
WETF WisdomTree Investments, Inc.
WCN Waste Connections Inc.
SLM SLM Corporation
CST CST Brands, Inc.
PTP Platinum Underwriters Holdings Ltd.
ROC Rockwood Holdings, Inc.
TCAP Triangle Capital Corporation
EBAY eBay Inc.
CE Celanese Corporation
POOL Pool Corp.
VSH Vishay Intertechnology Inc.
X United States Steel Corp.
AJG Arthur J Gallagher & Co.
FLR Fluor Corporation
BERY Berry Plastics Group, Inc.
UAM Universal American Corp
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