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 23, 2013.
LXU LSB Industries Inc.
I Intelsat S.A.
MORN Morningstar
Inc.
SWX Southwest Gas Corporation
WETF WisdomTree
Investments, Inc.
SFG StanCorp Financial Group Inc.
COWN Cowen
Group, Inc.
HTBI HomeTrust
Bancshares, Inc.
OMN OMNOVA Solutions Inc.
WIN Windstream Corporation
NI NiSource Inc.
NCMI National CineMedia, Inc.
IBTX Independent Bank
Group, Inc.
IFF International Flavors & Fragrances
Inc.
NMM Navios Maritime
Partners L.P.
TRI Thomson
Reuters Corporation
COST Costco Wholesale Corporation
DISCA Discovery
Communications, Inc.
IHG Intercontinental
Hotels Group plc
DNB Dun & Bradstreet Corp.
SUP Superior Industries International, Inc.
FIS Fidelity
National Information Services, Inc.
EEP Enbridge Energy
Partners LP
ACCO ACCO Brands
Corporation
LMCA Liberty Capital
Group
ICLR ICON plc
TMK Torchmark Corp.
AMP Ameriprise
Financial Inc.
KKR Kohlberg Kravis
Roberts & Co.
CNO CNO
Financial Group, Inc.
DNKN Dunkin'
Brands Group, Inc.
XRX Xerox Corp.
JDSU JDS Uniphase Corporation
DANG E-Commerce China Dangdang
Inc.
PBT Permian
Basin Royalty Trust
STMP Stamps.com Inc.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
http://daytradingstock-blog.blogspot.com
