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 28, 2014.
DANG E-Commerce China Dangdang Inc.
EPR Entertainment Properties Trust
HPP Hudson Pacific Properties, Inc.
WES Western Gas Partners LP
WGP Western Gas
Equity Partners, LP
GPC Genuine Parts Company
UNT Unit Corp.
MCK McKesson Corporation
MOS The Mosaic
Company
KAR KAR Auction
Services, Inc.
EMN Eastman Chemical Co.
AEG AEGON N.V.
NHI National Health Investors Inc.
HE Hawaiian
Electric Industries Inc.
IQNT Inteliquent,
Inc.
TRP TransCanada Corp.
AAT American Assets
Trust, Inc.
RBS The Royal Bank
of Scotland Group plc
GWRE Guidewire
Software, Inc.
AXL American Axle & Manufacturing Holdings
Inc.
MDC MDC
Holdings Inc.
BRKS Brooks Automation Inc.
SB Safe Bulkers,
Inc.
PHM PulteGroup, Inc.
OLED Universal Display
Corp.
ECPG Encore Capital
Group, Inc.
INVN InvenSense, Inc.
SGEN Seattle Genetics
Inc.
OSIR Osiris
Therapeutics, Inc.
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