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 21, 2013.
Ticker Company
CE Celanese Corporation
OMER Omeros Corporation
THRX Theravance Inc.
GMCR Green Mountain Coffee Roasters Inc.
TOL Toll Brothers Inc.
POOL Pool Corp.
MKSI MKS Instruments Inc.
VRNT Verint Systems Inc.
DSX Diana Shipping Inc.
XRTX Xyratex Ltd.
FCN FTI Consulting, Inc.
WCN Waste Connections Inc.
NKE Nike Inc.
BP BP plc
RDC Rowan Companies Inc.
TCAP Triangle Capital Corporation
SKM SK Telecom Co. Ltd.
AJG Arthur J Gallagher & Co.
SNE Sony Corporation
X United States Steel Corp.
VSH Vishay Intertechnology Inc.
DB Deutsche Bank AG
CST CST Brands, Inc.
EBAY eBay Inc.
OMX OfficeMax Incorporated
KTCC Key Tronic Corp.