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 October 14, 2013.
ACCO ACCO Brands
Corporation
LXU LSB Industries Inc.
DNKN Dunkin'
Brands Group, Inc.
JDSU JDS Uniphase Corporation
BLK BlackRock, Inc.
IHG Intercontinental
Hotels Group plc
DNR Denbury Resources Inc.
APL Atlas Pipeline Partners LP
DNB Dun & Bradstreet Corp.
SFG StanCorp Financial Group Inc.
COST Costco Wholesale Corporation
IFF International Flavors & Fragrances
Inc.
LMCA Liberty Capital
Group
FIS Fidelity
National Information Services, Inc.
XRX Xerox Corp.
ABX Barrick Gold Corporation
OZM Och-Ziff Capital
Management Group LLC
HST Host Hotels
& Resorts Inc.
SWX Southwest Gas Corporation
GS The Goldman
Sachs Group, Inc.
MBFI MB Financial Inc.
THRX Theravance Inc.
DISCA Discovery
Communications, Inc.
CNO CNO
Financial Group, Inc.
COWN Cowen
Group, Inc.
MORN Morningstar
Inc.
BEE Strategic
Hotels & Resorts, Inc.
VNTV Vantiv, Inc.
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