Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline 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
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline 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 January 19, 2012.
Ticker Company FSL Freescale Semiconductor Holdings I, Ltd.
SWFT Swift Transportation Company
JBL Jabil Circuit Inc.
ONNN ON Semiconductor Corp.
CFN CareFusion Corporation
NWSA News Corp.
MSI Motorola Solutions, Inc.
MMM 3M Co.
CNI Canadian National Railway Company
INTU Intuit Inc.
SPN Superior Energy Services, Inc.
APC Anadarko Petroleum Corporation
TRP TransCanada Corp.
DOW The Dow Chemical Company
STO Statoil ASA
UL Unilever plc
FITB Fifth Third Bancorp
PSO Pearson plc
XEC Cimarex Energy Co.
LEAP Leap Wireless International Inc.
GDP Goodrich Petroleum Corp.
