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.
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Below these are the Bullish Ascending Triangle Pattern stocks on August 13, 2013.
Ticker Company
EBAY eBay Inc.
TM Toyota Motor Corporation
AJG Arthur J Gallagher & Co.
CE Celanese Corporation
CMI Cummins Inc.
IMMR Immersion Corporation
THRX Theravance Inc.
POOL Pool Corp.
BP BP plc
SNE Sony Corporation
AREX Approach Resources, Inc.
PNK Pinnacle Entertainment Inc.
MKSI MKS Instruments Inc.
FCN FTI Consulting, Inc.
DSX Diana Shipping Inc.
PF Pinnacle Foods Inc.
SIAL Sigma-Aldrich Corporation
PRGS Progress Software Corp.
DIS Walt Disney Co.
GMCR Green Mountain Coffee Roasters Inc.
CUBE CubeSmart
PACB Pacific Biosciences of California, Inc.
EW Edwards Lifesciences Corp.
DB Deutsche Bank AG
CIE Cobalt International Energy, Inc.
EXR Extra Space Storage Inc.
MSG The Madison Square Garden Company
NUE Nucor Corporation
DV DeVry, Inc.
XRTX Xyratex Ltd.
VVUS VIVUS Inc.
TOL Toll Brothers Inc.
CBEY Cbeyond, Inc.
X United States Steel Corp.
OMER Omeros Corporation