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 February 17, 2012.
Ticker Company TEU Box Ships Inc.
VOG Voyager Oil & Gas, Inc.
LLEN L & L Energy, Inc.
AEG AEGON N.V.
CERS Cerus Corporation
ODP Office Depot, Inc.
ASYS Amtech Systems Inc.
ENI Enersis S.A.
WRES Warren Resources Inc.
LAZ Lazard Ltd.
EXH Exterran Holdings, Inc.
TKC Turkcell Iletisim Hizmetleri AS
IILG Interval Leisure Group, Inc.
NBR Nabors Industries Ltd.
XEC Cimarex Energy Co.
TEX Terex Corp.
ING ING Groep NV
BSFT BroadSoft, Inc.
NTGR Netgear Inc.
SBH Sally Beauty Holdings Inc.
WSM Williams-Sonoma Inc.
JCP J. C. Penney Company, Inc.
CRZO Carrizo Oil & Gas Inc.
IVR Invesco Mortgage Capital Inc.
KEY KeyCorp
SIMO Silicon Motion Technology Corp.
TEL TE Connectivity Ltd.
MYRX Myrexis, Inc.
LFC China Life Insurance Co. Ltd.
TECH Techne Corp.
FLR Fluor Corporation
CCE Coca-Cola Enterprises Inc.
TOT Total SA
TROW T. Rowe Price Group, Inc.
DB Deutsche Bank AG
AN AutoNation Inc.
BBVA Banco Bilbao Vizcaya Argentaria, S.A.
GNTX Gentex Corp.
HBC HSBC Holdings plc
QUIK QuickLogic Corporation
KITD KIT digital, Inc.
DRI Darden Restaurants, Inc.
ATK Alliant Techsystems Inc.
CMG Chipotle Mexican Grill, Inc.
DBD Diebold, Incorporated
SFY Swift Energy Co.
CRDN Ceradyne Inc.
PETD Petroleum Development Corporation
BRK-B Berkshire Hathaway Inc.
C Citigroup, Inc.
PBCT People's United Financial Inc.
GM General Motors Company
BIG Big Lots Inc.
VSH Vishay Intertechnology Inc.
SRCL Stericycle, Inc.
ACE ACE Limited
CI Cigna Corp.
CLB Core Laboratories NV
CR Crane Co.
SCMR Sycamore Networks Inc.
NBL Noble Energy, Inc.
TE TECO Energy, Inc.
NICE NICE Systems Ltd.
BCO Brinks Co.
PFG Principal Financial Group Inc.
OMI Owens & Minor Inc.
WRC Warnaco Group Inc.
LINE Linn Energy, LLC
CSA Cogdell Spencer Inc.
CHL China Mobile Limited
TDC Teradata Corporation
SNY Sanofi
GTLS Chart Industries Inc.
WIT Wipro Ltd.
BBW Build-A-Bear Workshop Inc.
BK The Bank of New York Mellon Corporation
PVH PVH Corp.
TRP TransCanada Corp.
