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 September 17, 2013.
ADUS Addus HomeCare
Corp.
X United States
Steel Corp.
SONS Sonus Networks, Inc.
TCK Teck Resources
Limited
TW Towers Watson
& Co.
JDSU JDS Uniphase Corporation
ERX Direxion Daily
Energy Bull 3X Shares
BCEI Bonanza Creek
Energy, Inc.
PEB Pebblebrook Hotel Trust
ROC Rockwood
Holdings, Inc.
PTP Platinum
Underwriters Holdings Ltd.
OMX OfficeMax Incorporated
HAS Hasbro Inc.
WETF WisdomTree
Investments, Inc.
LXU LSB Industries Inc.
CE Celanese
Corporation
HTBI HomeTrust
Bancshares, Inc.
AMRE AmREIT, Inc.
RDC Rowan Companies Inc.
SLM SLM
Corporation
C Citigroup,
Inc.
KFN KKR Financial
Holdings LLC
PGR Progressive Corp.
BIO Bio-Rad Laboratories, Inc.
BLK BlackRock, Inc.
SYRG Synergy Resources
Corporation
IYM iShares Dow
Jones US Basic Materials
DB Deutsche Bank
AG
CACH Cache Inc.
APL Atlas Pipeline Partners LP
GAB Gabelli Equity
Trust, Inc.
LHO LaSalle Hotel Properties
CCM Concord Medical
Services Holdings Limited
SKM SK Telecom Co. Ltd.
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