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 day Right here.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 day Right here.You can also check previous stocks to buy reports- Right Here
Below these are the Bullish Ascending Triangle Pattern stocks on July 15, 2013.
XPO XPO Logistics, Inc.
CBEY Cbeyond, Inc.
MGIC Magic Software Enterprises Ltd.
CKEC Carmike Cinemas Inc.
SYRG Synergy Resources Corporation
BKMU Bank Mutual Corporation
EXAR Exar Corp.
CST CST Brands, Inc.
STC Stewart Information Services Corp.
CMI Cummins Inc.
KEX Kirby Corporation
XTXI Crosstex Energy Inc.
QSII Quality Systems Inc.
CBF Capital Bank Financial Corp.
FRC First Republic Bank
KR The Kroger Co.
EMN Eastman Chemical Co.
ADI Analog Devices Inc.
TMK Torchmark Corp.
PACB Pacific Biosciences of California, Inc.
AFCE AFC Enterprises Inc.
THC Tenet Healthcare Corp.
JKHY Jack Henry & Associates Inc.
ESIO Electro Scientific Industries Inc.
MKSI MKS Instruments Inc.
TTC Toro Co.
PCYC Pharmacyclics Inc.
TOL Toll Brothers Inc.
PAMT Parametric Sound Corp.
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