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 24, 2013.
DHT DHT Holdings, Inc.
MNTG MTR Gaming Group, Inc.
PSTB Park Sterling Bank Inc.
STC Stewart Information Services Corp.
BITA Bitauto Holdings Limited
EXAR Exar Corp.
TPC Tutor Perini Corporation
KEX Kirby Corporation
THC Tenet Healthcare Corp.
ADI Analog Devices Inc.
CCJ Cameco Corp.
CUI CUI Global, Inc.
MKSI MKS Instruments Inc.
GFF Griffon Corporation
BKMU Bank Mutual Corporation
EMN Eastman Chemical Co.
CMI Cummins Inc.
PF Pinnacle Foods Inc.
SYRG Synergy Resources Corporation
LLTC Linear Technology Corp.
AREX Approach Resources, Inc.
VVUS VIVUS Inc.
CBEY Cbeyond, Inc.
FDUS Fidus Investment Corporation
PACB Pacific Biosciences of California, Inc.
TOL Toll Brothers Inc.
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