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 June 14, 2012.
Ticker Company SMBL Smart Balance, Inc
GTE Gran Tierra Energy, Inc.
DYAX Dyax Corp.
LPX Louisiana-Pacific Corp.
RAI Reynolds American Inc.
UNIS Unilife Corporation
KOPN Kopin Corp.
HCN Health Care REIT, Inc.
PRAA Portfolio Recovery Associates Inc.
BRKR Bruker Corporation
CGI Celadon Group Inc.
RGC REGAL ENTERTAINMENT GROUP
XL XL Group plc
CINF Cincinnati Financial Corp.
PNM PNM Resources, Inc.
WR Westar Energy, Inc.
SPB Spectrum Brands Holdings, Inc.
UAL United Continental Holdings, Inc.
AEM Agnico-Eagle Mines Ltd.
QCOR Questcor Pharmaceuticals, Inc.
DTSI DTS Inc.
