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Monday, June 25, 2012

Stocks to Watch Bullish Ascending Triangle on June 26, 2012

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

Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here

Below these are the Bullish Ascending Triangle Pattern stocks on June 25, 2012.

Ticker     Company    
AVD    American Vanguard Corp.
RGC    REGAL ENTERTAINMENT GROUP
PNM    PNM Resources, Inc.
PSEC    Prospect Capital Corporation
RAI    Reynolds American Inc.
ONXX    Onyx Pharmaceuticals, Inc.
NWL    Newell Rubbermaid Inc.
XL    XL Group plc
DNN    Denison Mines Corp.

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