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 September 10, 2013.
FIVE Five Below, Inc.
CACH Cache Inc.
ENV Envestnet, Inc.
LUV Southwest Airlines Co.
BCEI Bonanza Creek
Energy, Inc.
WETF WisdomTree
Investments, Inc.
HPTX Hyperion
Therapeutics, Inc.
UAM Universal
American Corp
PEB Pebblebrook Hotel Trust
RPRX Repros
Therapeutics Inc.
X United States
Steel Corp.
BZC Breeze-Eastern
Corporation
DB Deutsche Bank
AG
OMX OfficeMax Incorporated
C Citigroup,
Inc.
MVC MVC Capital, Inc.
IHG Intercontinental
Hotels Group plc
PKG Packaging Corp. of America
JDSU JDS Uniphase Corporation
POOL Pool Corp.
MOVE Move, Inc.
ROC Rockwood
Holdings, Inc.
FLR Fluor Corporation
LXU LSB Industries Inc.
DNKN Dunkin'
Brands Group, Inc.
NKA Niska Gas Storage
Partners LLC
COLE Cole Real Estate
Investments, Inc.
PTP Platinum
Underwriters Holdings Ltd.
CE Celanese
Corporation
RDC Rowan Companies Inc.
SLM SLM
Corporation
SKM SK Telecom Co. Ltd.
SYRG Synergy Resources
Corporation
APL Atlas Pipeline Partners LP
KTCC Key Tronic Corp.
CSUN China Sunergy Co.
Ltd.
HASI Hannon Armstrong
Sustainable Infrastructure Capital, Inc.
NRT North European
Oil Royalty Trust
CECE CECO
Environmental Corp.
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