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.
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Below these are the Bullish Ascending Triangle Pattern stocks on July 12, 2013.
QSII Quality Systems Inc.
PCYC Pharmacyclics Inc.
EXAR Exar Corp.
STC Stewart Information Services Corp.
CBF Capital Bank Financial Corp.
FRC First Republic Bank
PACB Pacific Biosciences of California, Inc.
TPC Tutor Perini Corporation
ADI Analog Devices Inc.
HTBK Heritage Commerce Corp.
TMK Torchmark Corp.
THC Tenet Healthcare Corp.
MKSI MKS Instruments Inc.
JKHY Jack Henry & Associates Inc.
CMI Cummins Inc.
EMN Eastman Chemical Co.
KEX Kirby Corporation
NPO EnPro Industries, Inc.
TOL Toll Brothers Inc.
AFCE AFC Enterprises Inc.
KR The Kroger Co.
SYRG Synergy Resources Corporation
TTC Toro Co.