Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line 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 trend lines. In an ascending triangle, one trend line 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 JAZZ Jazz Pharmaceuticals plc
MIPS MIPS Technologies Inc.
UHS Universal Health Services Inc.
SHLD Sears Holdings Corporation
RFMD RF Micro Devices Inc.
STT State Street Corp.
ABV Companhia de Bebidas Das Americas (AMBEV)
AXP American Express Company
DRE Duke Realty Corp.
FNF Fidelity National Financial, Inc.
FDX FedEx Corporation
CMA Comerica Incorporated
PIR Pier 1 Imports, Inc.
