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 November 1, 2013.
WAGE WageWorks, Inc.
NRF NorthStar Realty
Finance Corp.
MHK Mohawk Industries Inc.
TEO Telecom Argentina S.A.
ROC Rockwood
Holdings, Inc.
YZC Yanzhou Coal Mining Co. Ltd.
MITT AG Mortgage
Investment Trust, Inc.
TCK Teck Resources
Limited
UBNK United Financial
Bancorp
BLK BlackRock, Inc.
IMKTA Ingles Markets Inc.
EEP Enbridge Energy
Partners LP
ECOM ChannelAdvisor
Corporation
MSEX Middlesex Water Co.
AMP Ameriprise
Financial Inc.
PCCC PC Connection, Inc.
IVZ Invesco Ltd.
HTBI HomeTrust Bancshares,
Inc.
WETF WisdomTree
Investments, Inc.
AMTG Apollo Residential
Mortgage, Inc.
BP BP plc
CMRE Costamare Inc.
PFG Principal
Financial Group Inc.
OMN OMNOVA Solutions Inc.
WIN Windstream Corporation
CNO CNO
Financial Group, Inc.
FFNW First Financial Northwest,
Inc.
DNB Dun & Bradstreet Corp.
NDSN Nordson Corporation
FIS Fidelity
National Information Services, Inc.
RRC Range Resources Corporation
ASTE Astec Industries, Inc.
IPCM IPC The
Hospitalist Company, Inc.
ACCL Accelrys Inc.
CBG CBRE Group, Inc
IHG Intercontinental
Hotels Group plc
DISCA Discovery
Communications, Inc.
CLS Celestica Inc.
OIBR Oi SA
ONCY Oncolytics Biotech
Inc.
DANG E-Commerce China
Dangdang Inc.
PFPT Proofpoint, Inc.
GOLD Randgold Resources Limited
GAME Shanda Games
Limited
ABX Barrick Gold Corporation
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