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.
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Below these are the Bullish Ascending Triangle Pattern stocks on June 28, 2013.
HALO Halozyme Therapeutics, Inc.
UTMD Utah Medical Products Inc.
CREG China Recycling Energy Corporation
CKEC Carmike Cinemas Inc.
PSTB Park Sterling Bank Inc.
ROCM Rochester Medical Corp.
FDUS Fidus Investment Corporation
ARSD Arabian American Development Company
OCFC OceanFirst Financial Corp.
AFCE AFC Enterprises Inc.
CFI Culp Inc.
AMNB American National Bankshares Inc.
ONNN ON Semiconductor Corp.
MSBF MSB Financial Corp.
DOX Amdocs Limited
LF LeapFrog Enterprises Inc.
TPC Tutor Perini Corporation
ABC AmerisourceBergen Corporation
FUBC 1st United Bancorp, Inc.
KEX Kirby Corporation
SNAK Inventure Foods, Inc.
OBCI Ocean Bio-Chem Inc.
SCBT SCBT Financial Corp.
PBNY Provident New York Bancorp
PVFC PVF Capital Corp.
GFF Griffon Corporation
STC Stewart Information Services Corp.
FRC First Republic Bank
ESIO Electro Scientific Industries Inc.
WBCO Washington Banking Co.
PLBC Plumas Bancorp
WBS Webster Financial Corp.
CBF Capital Bank Financial Corp.
FULT Fulton Financial Corporation
ADI Analog Devices Inc.
CFFN Capitol Federal Financial, Inc.
RJET Republic Airways Holdings Inc.
EVER EverBank Financial Corp.
ESGR Enstar Group Limited
TRC Tejon Ranch Co.
EGAS Gas Natural Inc.
TMK Torchmark Corp.
CLH Clean Harbors, Inc.
PDS Precision Drilling Corporation
POT Potash Corp. of Saskatchewan, Inc.
HRB H&R Block, Inc.
EMN Eastman Chemical Co.
JXSB Jacksonville Bancorp Inc.
QBC Cubic Energy Inc.
SMIT Schmitt Industries Inc.
PLOW Douglas Dynamics, Inc.
KTCC Key Tronic Corp.
MNTG MTR Gaming Group, Inc.
OVRL Overland Storage Inc.