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 21, 2013.
CE Celanese Corporation
OMER Omeros Corporation
THRX Theravance Inc.
GMCR Green Mountain Coffee Roasters Inc.
TOL Toll Brothers Inc.
POOL Pool Corp.
MKSI MKS Instruments Inc.
VRNT Verint Systems Inc.
DSX Diana Shipping Inc.
XRTX Xyratex Ltd.
FCN FTI Consulting, Inc.
WCN Waste Connections Inc.
NKE Nike Inc.
BP BP plc
RDC Rowan Companies Inc.
TCAP Triangle Capital Corporation
SKM SK Telecom Co. Ltd.
AJG Arthur J Gallagher & Co.
SNE Sony Corporation
X United States Steel Corp.
VSH Vishay Intertechnology Inc.
DB Deutsche Bank AG
CST CST Brands, Inc.
EBAY eBay Inc.
OMX OfficeMax Incorporated
KTCC Key Tronic Corp.
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