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 20, 2013.
Ticker Company
PACB Pacific Biosciences of California, Inc.
XRTX Xyratex Ltd.
DSX Diana Shipping Inc.
GMCR Green Mountain Coffee Roasters Inc.
CBEY Cbeyond, Inc.
TOL Toll Brothers Inc.
IMMR Immersion Corporation
BKE Buckle Inc.
EXR Extra Space Storage Inc.
MSG The Madison Square Garden Company
CST CST Brands, Inc.
OMX OfficeMax Incorporated
CBRL Cracker Barrel Old Country Store, Inc.
VRNT Verint Systems Inc.
FCN FTI Consulting, Inc.
AJG Arthur J Gallagher & Co.
MKSI MKS Instruments Inc.
X United States Steel Corp.
RDC Rowan Companies Inc.
SKM SK Telecom Co. Ltd.
THRX Theravance Inc.
SNE Sony Corporation
NKA Niska Gas Storage Partners LLC
DB Deutsche Bank AG
NKE Nike Inc.
EBAY eBay Inc.
BP BP plc
CE Celanese Corporation
OMER Omeros Corporation
TM Toyota Motor Corporation
AMRE AmREIT, Inc.
AREX Approach Resources, Inc.
