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 February 21, 2014.
AEG AEGON N.V.
SGEN Seattle Genetics
Inc.
MDC MDC
Holdings Inc.
PHM PulteGroup, Inc.
SEP Spectra Energy
Partners, LP
KUTV Ku6 Media Co.,
Ltd.
EDR Education
Realty Trust Inc.
KAR KAR Auction
Services, Inc.
RYL Ryland Group Inc.
GPC Genuine Parts Company
AXL American Axle & Manufacturing Holdings
Inc.
RBS The Royal Bank
of Scotland Group plc
AVAV AeroVironment,
Inc.
EVV Eaton Vance Limited Duration Income Fund
TRP TransCanada Corp.
INVN InvenSense, Inc.
ECPG Encore Capital
Group, Inc.
IQNT Inteliquent,
Inc.
EPR Entertainment Properties Trust
DANG E-Commerce China
Dangdang Inc.
MOS The Mosaic
Company
MD MEDNAX, Inc.
OLED Universal Display
Corp.
VCRA Vocera
Communications, Inc.
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