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 December 16, 2013.
TRGT Targacept, Inc.
RNDY Roundy's, Inc.
BEE Strategic
Hotels & Resorts, Inc.
SAIA Saia, Inc.
NTE Nam Tai
Electronics, Inc.
SBS Companhia de Saneamento Basico do Estado de
Sao Paulo
SM SM Energy
Company
MTB M&T Bank Corporation
ANN ANN INC
TCK Teck Resources
Limited
BYI Bally
Technologies, Inc.
SRCL Stericycle, Inc.
HSBC HSBC Holdings plc
DPZ Domino's Pizza,
Inc.
FMER FirstMerit Corporation
BBBY Bed Bath & Beyond Inc.
SIRO Sirona Dental
Systems Inc.
C Citigroup,
Inc.
GAME Shanda Games
Limited
ARPI American
Residential Properties, Inc.
BBEP Breitburn Energy
Partners L.P.
PLAB Photronics Inc.
AMCX AMC
Networks Inc.
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