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 27, 2013.
GERN Geron Corporation
HALO Halozyme
Therapeutics, Inc.
NKE Nike Inc.
IMMU Immunomedics Inc.
MWE MarkWest Energy
Partners LP
PEB Pebblebrook Hotel Trust
OMX OfficeMax Incorporated
WETF WisdomTree
Investments, Inc.
EW Edwards
Lifesciences Corp.
JDSU JDS Uniphase Corporation
ABX Barrick Gold Corporation
SKM SK Telecom Co. Ltd.
C Citigroup,
Inc.
ANN ANN INC
PGR Progressive Corp.
CNO CNO
Financial Group, Inc.
HST Host Hotels
& Resorts Inc.
ACCO ACCO Brands
Corporation
AIZ Assurant Inc.
NOV National Oilwell
Varco, Inc.
TCK Teck Resources
Limited
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