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 March 9, 2012.
Ticker Company DB Deutsche Bank AG
VIT VanceInfo Technologies Inc.
PHG Koninklijke Philips Electronics NV
ENI Enersis S.A.
LGCY Legacy Reserves Lp
KND Kindred Healthcare Inc.
CRZO Carrizo Oil & Gas Inc.
JAH Jarden Corp.
BBD Banco Bradesco S.A.
TTEC TeleTech Holdings Inc.
DRC Dresser-Rand Group Inc.
AGRO Adecoagro S.A.
AGN Allergan Inc.
BCO Brinks Co.
ATI Allegheny Technologies Inc.
HSC Harsco Corporation
MCRS MICROS Systems, Inc.
CI Cigna Corp.
FXEN FX Energy Inc.
UL Unilever plc
PWR Quanta Services, Inc.
NICE NICE Systems Ltd.
EDE Empire District Electric Co.
AF Astoria Financial Corporation
CL Colgate-Palmolive Co.
LPNT Lifepoint Hospitals Inc.
AVA Avista Corp.
EVR Evercore Partners Inc.
OMX OfficeMax Incorporated
DTSI DTS Inc.
HSNI HSN, Inc.
RVBD Riverbed Technology, Inc.
ITG Investment Technology Group Inc.
WSM Williams-Sonoma Inc.
