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 29, 2013.
SYRG Synergy Resources Corporation
VVUS VIVUS Inc.
PNK Pinnacle Entertainment Inc.
EMN Eastman Chemical Co.
MGIC Magic Software Enterprises Ltd.
CUI CUI Global, Inc.
THC Tenet Healthcare Corp.
CMI Cummins Inc.
CST CST Brands, Inc.
ACTG Acacia Research Corporation
PSTB Park Sterling Bank Inc.
AREX Approach Resources, Inc.
ADI Analog Devices Inc.
CAM Cameron International Corporation
POOL Pool Corp.
CIE Cobalt International Energy, Inc.
PF Pinnacle Foods Inc.
EXAR Exar Corp.
MKSI MKS Instruments Inc.
PRGS Progress Software Corp.
QLTI QLT Inc.
EW Edwards Lifesciences Corp.
BITA Bitauto Holdings Limited
JMP JMP Group Inc.
NKA Niska Gas Storage Partners LLC
FBHS Fortune Brands Home & Security, Inc.
TTS Tile Shop Holdings, Inc.
FLOW Flow International Corp.
CCJ Cameco Corp.
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