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 September 14, 2012.
Ticker Company MILL Miller Energy Resources, Inc.
SVM Silvercorp Metals Inc.
BEE Strategic Hotels & Resorts, Inc.
DE Deere & Company
RHI Robert Half International Inc.
EGY Vaalco Energy Inc.
DWA DreamWorks Animation SKG Inc.
AMSC American Superconductor Corporation
CFR Cullen/Frost Bankers, Inc.
AU AngloGold Ashanti Ltd.
RBA Ritchie Bros. Auctioneers Incorporated
ZINC Horsehead Holding Corp.
RJF Raymond James Financial Inc.
NTRI Nutrisystem, Inc.
CSL Carlisle Companies Inc.
POZN POZEN Inc.
MEDW Mediware Information Systems Inc.
SBX SeaBright Holdings, Inc.
NQ NetQin Mobile Inc.
YUM Yum! Brands, Inc.
AZO AutoZone Inc.
