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 23, 2012.
Ticker Company GRVY Gravity Co., Ltd
TTI TETRA Technologies Inc.
BCEI Bonanza Creek Energy, Inc.
LXU LSB Industries Inc.
NAVB Navidea Biopharmaceuticals, Inc
FOE Ferro Corp.
SPN Superior Energy Services, Inc.
FXEN FX Energy Inc.
CRZO Carrizo Oil & Gas Inc.
TNE Tele Norte Leste Participacoes S.A.
WRES Warren Resources Inc.
TWER Towerstream Corporation
AGCO AGCO Corporation
SF Stifel Financial Corp.
QPSA Quepasa Corp.
BYD Boyd Gaming Corp.
ITG Investment Technology Group Inc.
WLL Whiting Petroleum Corp.
PWER Power-One Inc.
DFT DuPont Fabros Technology, Inc.
KND Kindred Healthcare Inc.
STM STMicroelectronics NV
STLD Steel Dynamics Inc.
TPLM Triangle Petroleum Corporation
MOS The Mosaic Company
CTCM CTC Media, Inc
ABM ABM Industries Inc.
OLN Olin Corp.
OMX OfficeMax Incorporated
CREE Cree, Inc.
WDR Waddell & Reed Financial Inc.
MHLD Maiden Holdings, Ltd.
TSO Tesoro Corporation
RTK Rentech, Inc.
MCGC MCG Capital Corporation
BBD Banco Bradesco S.A.
PLT Plantronics, Inc.
ACW Accuride Corp.
CNK Cinemark Holdings Inc.
EME EMCOR Group Inc.
UDR UDR, Inc.
GPRE Green Plains Renewable Energy, Inc.
XTXI Crosstex Energy Inc.
QTM Quantum Corporation
NTGR Netgear Inc.
DB Deutsche Bank AG
DOV Dover Corp.
TRN Trinity Industries Inc.
NOG Northern Oil and Gas, Inc.
LPNT Lifepoint Hospitals Inc.
RBS The Royal Bank of Scotland Group plc
IPHS Innophos Holdings Inc
HAL Halliburton Company
NFLX Netflix, Inc.
GRT Glimcher Realty Trust
GLW Corning Inc.
EQR Equity Residential
DRC Dresser-Rand Group Inc.
ACGL Arch Capital Group Ltd.
BRCM Broadcom Corp.
BR Broadridge Financial Solutions Inc.
PNM PNM Resources, Inc.
JAH Jarden Corp.
STC Stewart Information Services Corp.
IRBT iRobot Corporation
WERN Werner Enterprises Inc.
URS URS Corporation
KGC Kinross Gold Corporation
RHI Robert Half International Inc.
LRCX Lam Research Corporation
SM SM Energy Company
SAI SAIC, Inc.
GTLS Chart Industries Inc.
JACK Jack in the Box Inc.
PFG Principal Financial Group Inc.
GOLD Randgold Resources Limited
R Ryder System, Inc.
NOK Nokia Corporation
MRO Marathon Oil Corporation
HSC Harsco Corporation
CFX Colfax Corporation
HON Honeywell International Inc.
PBCT People's United Financial Inc.
HST Host Hotels & Resorts Inc.
CI Cigna Corp.
RT Ruby Tuesday, Inc.
TCK Teck Resources Limited
POR Portland General Electric Company
SNA Snap-on Inc.
HOT Starwood Hotels & Resorts Worldwide Inc.
IBN ICICI Bank Ltd.
MSCI MSCI Inc.
RVBD Riverbed Technology, Inc.
ARW Arrow Electronics, Inc.
VALE Vale S.A.
GM General Motors Company
OMI Owens & Minor Inc.
UNM Unum Group
AVGO Avago Technologies Limited
FTI FMC Technologies, Inc.
SCCO Southern Copper Corp.
CBL CBL & Associates Properties Inc.
CNI Canadian National Railway Company
HRL Hormel Foods Corp.
ELS Equity LifeStyle Properties, Inc.
CVH Coventry Health Care Inc.
UNS UniSource Energy Corporation
UL Unilever plc
MHO M/I Homes, Inc.
MCK McKesson Corporation
CPB Campbell Soup Co.
GVA Granite Construction Incorporated
ENI Enersis S.A.
WIT Wipro Ltd.
CCE Coca-Cola Enterprises Inc.
AUXL Auxilium Pharmaceuticals Inc.
AVA Avista Corp.
MHR Magnum Hunter Resources Corp.
SLT Sterlite Industries (India) Ltd.
DTV DIRECTV, Inc.
BA Boeing Co.
AGN Allergan Inc.
LPLA LPL Investment Holdings Inc.
TOT Total SA
STD Banco Santander, S.A.
NEWP Newport Corp.
LLL L-3 Communications Holdings Inc.
UIL UIL Holdings Corporation
SYY Sysco Corp.
ACOR Acorda Therapeutics, Inc.
PDM Piedmont Office Realty Trust Inc.
FDX FedEx Corporation
CPE Callon Petroleum Co.
VIV Telefonica Brasil, S.A.
MDS Midas Inc.
BMC BMC Software Inc.
HTLD Heartland Express, Inc.
SHO Sunstone Hotel Investors Inc.
EL Estee Lauder Companies Inc.
GNTX Gentex Corp.
WSM Williams-Sonoma Inc.
DHX Dice Holdings, Inc.
TSU TIM Participacoes S.A.
BCO Brinks Co.
VAR Varian Medical Systems Inc.
CL Colgate-Palmolive Co.
AMT American Tower Corporation
CR Crane Co.
RSG Republic Services, Inc.
STE Steris Corp.
BBVA Banco Bilbao Vizcaya Argentaria, S.A.
AMTD TD Ameritrade Holding Corporation
ETE Energy Transfer Equity, L.P.
PHG Koninklijke Philips Electronics NV
CXW Corrections Corporation of America
ATK Alliant Techsystems Inc.
PC Panasonic Corporation
HSP Hospira Inc.
NDAQ Nasdaq OMX Group Inc.
SRCL Stericycle, Inc.
CTXS Citrix Systems, Inc.
ITMN InterMune Inc.
ALB Albemarle Corp.
BX The Blackstone Group
IVN Ivanhoe Mines Ltd.
WEN The Wendy's Company
CAVM Cavium, Inc.
LPR Lone Pine Resources Inc.
BRFS BRF - Brasil Foods S.A.
LXP Lexington Realty Trust
TEO Telecom Argentina S.A.
LAYN Layne Christensen Co.
SPF Standard Pacific Corp.
HERO Hercules Offshore, Inc.
KITD KIT digital, Inc.
