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 19, 2013.
SYRG Synergy Resources Corporation
PAMT Parametric Sound Corp.
PCYC Pharmacyclics Inc.
AREX Approach Resources, Inc.
PF Pinnacle Foods Inc.
EMN Eastman Chemical Co.
CMI Cummins Inc.
STC Stewart Information Services Corp.
KLAC KLA-Tencor Corporation
NPO EnPro Industries, Inc.
KEX Kirby Corporation
CCJ Cameco Corp.
EXAR Exar Corp.
LLTC Linear Technology Corp.
MKSI MKS Instruments Inc.
FRC First Republic Bank
THC Tenet Healthcare Corp.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
http://daytradingstock-blog.blogspot.com
