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 7, 2013.
PACB Pacific Biosciences of California, Inc.
DV DeVry, Inc.
EXAR Exar Corp.
XRTX Xyratex Ltd.
DB Deutsche Bank AG
CIE Cobalt International Energy, Inc.
CMI Cummins Inc.
EW Edwards Lifesciences Corp.
SIAL Sigma-Aldrich Corporation
MKSI MKS Instruments Inc.
PNK Pinnacle Entertainment Inc.
FCN FTI Consulting, Inc.
NUE Nucor Corporation
AJG Arthur J Gallagher & Co.
EXR Extra Space Storage Inc.
AMRE AmREIT, Inc.
EBAY eBay Inc.
TM Toyota Motor Corporation
POOL Pool Corp.
PRGS Progress Software Corp.
DIS Walt Disney Co.
ACTG Acacia Research Corporation
AREX Approach Resources, Inc.
PF Pinnacle Foods Inc.
AHS AMN Healthcare Services Inc.
PII Polaris Industries, Inc.
THRX Theravance Inc.
IMMR Immersion Corporation
SNE Sony Corporation
FBHS Fortune Brands Home & Security, Inc.
SYRG Synergy Resources Corporation
THC Tenet Healthcare Corp.
TA TravelCenters of America LLC
VVUS VIVUS Inc.
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