Welcome to Hot Stock Picks

Daily Top Stocks Pick Alert
Stocks Pick in 2013 - AAPL - BAC - ANR - MCP
Hottest Stocks in 2013 - ZNHE- VISN - GTN
Hottest Penny Stocks in 2013 - CHTP -INO- GSAT

My Daily Trading Activities - Membership Link

Thursday, July 5, 2012

Stocks to Watch Bullish Ascending Triangle on July 5, 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 July 3, 2012.

Ticker     Company    
DNN    Denison Mines Corp.
BLDR    Builders FirstSource, Inc.
MGAM    Multimedia Games Inc.
XBI    SPDR S&P Biotech
PSEC    Prospect Capital Corporation
XL    XL Group plc
ONXX    Onyx Pharmaceuticals, Inc.
PNM    PNM Resources, Inc.
NWL    Newell Rubbermaid Inc.

For the latest updates on the stock market, visit,
http://hotstockspick.blogspot.com/