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 20, 2013.
DNBF DNB Financial Corp.
ADGE American DG
Energy, Inc.
CIX CompX International Inc.
WINA Winmark Corp.
RRC Range Resources Corporation
ECOM ChannelAdvisor
Corporation
IBOC International Bancshares Corporation
FLXS Flexsteel Industries Inc.
XOMA XOMA
Corporation
SIRO Sirona Dental
Systems Inc.
TRGT Targacept, Inc.
ACCL Accelrys Inc.
YDKN Yadkin Financial
Corporation
GAME Shanda Games
Limited
ORIG Ocean Rig UDW
Inc.
ONCY Oncolytics Biotech
Inc.
CME CME Group
Inc.
NGLS Targa Resources
Partners LP
SEM Select Medical Holdings Corporation
AROW Arrow Financial Corporation
EIA Eaton Vance California
Municipal Bond Fund II
PII Polaris Industries, Inc.
JOUT Johnson Outdoors Inc.
HBC HSBC Holdings plc
HTBI HomeTrust
Bancshares, Inc.
ESMC Escalon Medical Corp.
PTR PetroChina Co. Ltd.
SOCB Southcoast
Financial Corp.
NRF NorthStar Realty
Finance Corp.
OZM Och-Ziff Capital
Management Group LLC
MSEX Middlesex Water Co.
IHG Intercontinental
Hotels Group plc
IVZ Invesco Ltd.
FII Federated Investors, Inc.
DSWL Deswell Industries Inc.
SKBI Skystar Bio
Pharmaceutical Company
HCOM Hawaiian Telcom Holdco, Inc.
TCK Teck Resources
Limited
RRD R.R. Donnelley
& Sons Company
APL Atlas Pipeline Partners LP
BBBY Bed Bath & Beyond Inc.
MONT Montage Technology Group Limited
AWC Alumina Ltd.
HASI Hannon Armstrong
Sustainable Infrastructure Capital, Inc.
PFPT Proofpoint, Inc.
CBG CBRE Group, Inc
NTE Nam Tai
Electronics, Inc.
SHO Sunstone Hotel Investors Inc.
PCCC PC Connection, Inc.
BFAM Bright Horizons Family Solutions, Inc.
CMRE Costamare Inc.
CLS Celestica Inc.
ABX Barrick Gold Corporation
TNP Tsakos Energy
Navigation Ltd.
DDE Dover Downs
Gaming & Entertainment Inc.
SJM The J. M. Smucker Company
MBIS Mediabistro Inc.
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