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 27, 2012.
Ticker Company DHX Dice Holdings, Inc.
NX Quanex Building Products Corporation
VIT VanceInfo Technologies Inc.
RBS The Royal Bank of Scotland Group plc
FRED Fred's, Inc.
QUIK QuickLogic Corporation
HSC Harsco Corporation
ACW Accuride Corp.
WSTL Westell Technologies Inc.
RVBD Riverbed Technology, Inc.
WSM Williams-Sonoma Inc.
STE Steris Corp.
KOPN Kopin Corp.
CTSH Cognizant Technology Solutions Corporation
PNM PNM Resources, Inc.
MANT ManTech International Corporation
MOS The Mosaic Company
AVA Avista Corp.
BIRT Actuate Corporation
OMI Owens & Minor Inc.
PCH Potlatch Corporation
COWN Cowen Group, Inc.
ITG Investment Technology Group Inc.
NVS Novartis AG
X United States Steel Corp.
PLX Protalix BioTherapeutics, Inc.
UL Unilever plc
XTEX Crosstex Energy LP
GTE Gran Tierra Energy, Inc.
SMBL Smart Balance, Inc
BIN Progressive Waste Solutions Ltd.
AH Accretive Health, Inc.
