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 April 5, 2012.
Ticker Company AH Accretive Health, Inc.
ENI Enersis S.A.
SPN Superior Energy Services, Inc.
EEFT Euronet Worldwide Inc.
MCGC MCG Capital Corporation
CI Cigna Corp.
XTXI Crosstex Energy Inc.
WSM Williams-Sonoma Inc.
POR Portland General Electric Company
BIRT Actuate Corporation
SF Stifel Financial Corp.
UL Unilever plc
HERO Hercules Offshore, Inc.
UN Unilever NV
FDX FedEx Corporation
ACOR Acorda Therapeutics, Inc.
WSTL Westell Technologies Inc.
NICE NICE Systems Ltd.
COWN Cowen Group, Inc.
TXN Texas Instruments Inc.
TTI TETRA Technologies Inc.
LLL L-3 Communications Holdings Inc.
PCH Potlatch Corporation
STE Steris Corp.
MANT ManTech International Corporation
HSC Harsco Corporation
LRCX Lam Research Corporation
HSP Hospira Inc.
QTM Quantum Corporation
KOPN Kopin Corp.
X United States Steel Corp.
FXEN FX Energy Inc.
PGI Premiere Global Services, Inc.
SMBL Smart Balance, Inc
VIT VanceInfo Technologies Inc.
QPSA Quepasa Corp.
RBS The Royal Bank of Scotland Group plc
