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 day Right here.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 day Right here.You can also check previous stocks to buy reports- Right Here
Below these are the Bullish Ascending Triangle Pattern stocks on August 2, 2013.
TM Toyota Motor Corporation
SYRG Synergy Resources Corporation
TOL Toll Brothers Inc.
DIS Walt Disney Co.
PF Pinnacle Foods Inc.
FBHS Fortune Brands Home & Security, Inc.
MSG The Madison Square Garden Company
POOL Pool Corp.
THRX Theravance Inc.
TTS Tile Shop Holdings, Inc.
PNK Pinnacle Entertainment Inc.
CMI Cummins Inc.
PII Polaris Industries, Inc.
VVUS VIVUS Inc.
CCJ Cameco Corp.
PRGS Progress Software Corp.
ADI Analog Devices Inc.
BITA Bitauto Holdings Limited
MKSI MKS Instruments Inc.
SIAL Sigma-Aldrich Corporation
JMP JMP Group Inc.
AMRE AmREIT, Inc.
PSTB Park Sterling Bank Inc.
CIE Cobalt International Energy, Inc.
ACTG Acacia Research Corporation
THC Tenet Healthcare Corp.
EW Edwards Lifesciences Corp.
EXR Extra Space Storage Inc.
SNE Sony Corporation
EXAR Exar Corp.
IDT IDT Corporation
IMMR Immersion Corporation
AREX Approach Resources, Inc.
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