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 20, 2013.
BCEI Bonanza Creek Energy, Inc.
CECE CECO Environmental Corp.
FLR Fluor Corporation
XRTX Xyratex Ltd.
ARX Aeroflex Holding
Corp.
PGR Progressive Corp.
PTP Platinum
Underwriters Holdings Ltd.
ROC Rockwood
Holdings, Inc.
PEB Pebblebrook Hotel Trust
HTBI HomeTrust
Bancshares, Inc.
DNKN Dunkin'
Brands Group, Inc.
UAM Universal
American Corp
ACCO ACCO Brands
Corporation
BIO Bio-Rad Laboratories, Inc.
OMX OfficeMax Incorporated
LXU LSB Industries Inc.
ADUS Addus HomeCare
Corp.
LUV Southwest Airlines Co.
IHG Intercontinental
Hotels Group plc
SLM SLM
Corporation
EW Edwards
Lifesciences Corp.
APL Atlas Pipeline Partners LP
HAS Hasbro Inc.
NOV National Oilwell
Varco, Inc.
SKM SK Telecom Co. Ltd.
C Citigroup,
Inc.
AGII Argo Group International Holdings, Ltd.
PBYI Puma
Biotechnology, Inc.
JDSU JDS Uniphase Corporation
LHO LaSalle Hotel Properties
RDC Rowan Companies Inc.
BLK BlackRock, Inc.
OZM Och-Ziff Capital
Management Group LLC
HASI Hannon Armstrong
Sustainable Infrastructure Capital, Inc.
DB Deutsche Bank
AG
NEU NewMarket Corp.
CSUN China Sunergy Co.
Ltd.
X United States
Steel Corp.
WETF WisdomTree
Investments, Inc.
TCK Teck Resources
Limited
KFN KKR Financial
Holdings LLC
ABX Barrick Gold Corporation
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