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 27, 2013.
SKM SK Telecom Co. Ltd.
SYRG Synergy Resources Corporation
BP BP plc
BCEI Bonanza Creek Energy, Inc.
RDC Rowan Companies Inc.
AJG Arthur J Gallagher & Co.
HP Helmerich & Payne Inc.
PTP Platinum Underwriters Holdings Ltd.
WCN Waste Connections Inc.
TCAP Triangle Capital Corporation
NKE Nike Inc.
BERY Berry Plastics Group, Inc.
VSH Vishay Intertechnology Inc.
OMX OfficeMax Incorporated
CSII Cardiovascular Systems Inc.
POOL Pool Corp.
ROC Rockwood Holdings, Inc.
EBAY eBay Inc.
CST CST Brands, Inc.
UAM Universal American Corp
GMCR Green Mountain Coffee Roasters Inc.
CECE CECO Environmental Corp.
SLM SLM Corporation
CE Celanese Corporation
X United States Steel Corp.
DB Deutsche Bank AG
CSUN China Sunergy Co. Ltd.
MTSN Mattson Technology Inc.
CMRE Costamare Inc.
DSX Diana Shipping Inc.
WETF WisdomTree Investments, Inc.
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