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 13, 2012.
Ticker Company LPH Longwei Petroleum Investment Holding Limited
QPSA Quepasa Corp.
VIT VanceInfo Technologies Inc.
FAC First Acceptance Corp.
TITN Titan Machinery, Inc.
ONSM Onstream Media Corp.
ANCB Anchor Bancorp
III Information Services Group, Inc.
MEMP Memorial Production Partners LP
POR Portland General Electric Company
RCMT RCM Technologies Inc.
SMBL Smart Balance, Inc
MFLR Mayflower Bancorp, Inc.
BNCN BNC Bancorp
CEBK Central Bancorp Inc.
AVA Avista Corp.
SFY Swift Energy Co.
INTU Intuit Inc.
LOCM Local.com Corp.
SYPR Sypris Solutions Inc.
UL Unilever plc
MASC Material Sciences Corp.
UN Unilever NV
LLL L-3 Communications Holdings Inc.
PLX Protalix BioTherapeutics, Inc.
VIVO Meridian Bioscience Inc.
PRAA Portfolio Recovery Associates Inc.
TXN Texas Instruments Inc.
OMI Owens & Minor Inc.
LXU LSB Industries Inc.
PCH Potlatch Corporation
UTEK Ultratech, Inc.
COWN Cowen Group, Inc.
ACOR Acorda Therapeutics, Inc.
MALL PC Mall Inc.
MCGC MCG Capital Corporation
NUTR Nutraceutical International Corp.
WDFC WD-40 Company
BIRT Actuate Corporation
AH Accretive Health, Inc.
LPNT Lifepoint Hospitals Inc.
BDX Becton, Dickinson and Company
DTSI DTS Inc.
SNN Smith & Nephew plc
WSM Williams-Sonoma Inc.
HSP Hospira Inc.
TECH Techne Corp.
FCNCA First Citizens Bancshares Inc.
HSC Harsco Corporation
STE Steris Corp.
MOG-A Moog Inc.
ZIOP ZIOPHARM Oncology, Inc.
DSPG DSP Group Inc.
MANT ManTech International Corporation
TEO Telecom Argentina S.A.
FXEN FX Energy Inc.
WSTL Westell Technologies Inc.
ISS Isoftstone Holdings Limited
LIOX Lionbridge Technologies Inc.
LRCX Lam Research Corporation
HURC Hurco Companies Inc.
KRNY Kearny Financial Corp.
ISNS Image Sensing Systems, Inc.
KOPN Kopin Corp.
RVBD Riverbed Technology, Inc.
ASYS Amtech Systems Inc.
PGI Premiere Global Services, Inc.
TTI TETRA Technologies Inc.
SF Stifel Financial Corp.
X United States Steel Corp.
ACW Accuride Corp.
DYAX Dyax Corp.
RBS The Royal Bank of Scotland Group plc
EVC Entravision Communications Corporation
