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 August 16, 2013.
OMER Omeros Corporation
GMCR Green Mountain Coffee Roasters Inc.
CBEY Cbeyond, Inc.
SKM SK Telecom Co. Ltd.
IMMR Immersion Corporation
TM Toyota Motor Corporation
FCN FTI Consulting, Inc.
DB Deutsche Bank AG
XRTX Xyratex Ltd.
AREX Approach Resources, Inc.
SNE Sony Corporation
CIE Cobalt International Energy, Inc.
CST CST Brands, Inc.
BP BP plc
FLOW Flow International Corp.
THRX Theravance Inc.
SIAL Sigma-Aldrich Corporation
AJG Arthur J Gallagher & Co.
DIS Walt Disney Co.
X United States Steel Corp.
EBAY eBay Inc.
MSG The Madison Square Garden Company
BKE Buckle Inc.
MMLP Martin Midstream Partners LP
VRNT Verint Systems Inc.
PACB Pacific Biosciences of California, Inc.
VVUS VIVUS Inc.
MKSI MKS Instruments Inc.
DSX Diana Shipping Inc.
EXR Extra Space Storage Inc.
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