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 21, 2012.
Ticker Company VTG Vantage Drilling Company
SNTA Synta Pharmaceuticals Corp.
NTSP Netspend Holdings, Inc.
HTS Hatteras Financial Corp
CPWR Compuware Corporation
SYK Stryker Corp.
TRST TrustCo Bank Corp. NY
GNOM Complete Genomics, Inc.
PGTI PGT, Inc.
DISCA Discovery Communications, Inc.
NX Quanex Building Products Corporation
XCO EXCO Resources Inc.
UPL Ultra Petroleum Corp.
CVD Covance Inc.
FXA CurrencyShares Australian Dollar Trust
ENB Enbridge Inc.
MTRX Matrix Service Co.
HBC HSBC Holdings plc
PACW PacWest Bancorp
FII Federated Investors, Inc.
CSGP CoStar Group Inc.
INTU Intuit Inc.
WABC Westamerica Bancorp.
AH Accretive Health, Inc.
SGMO Sangamo Biosciences Inc.
PL Protective Life Corp.
STC Stewart Information Services Corp.
Z Zillow, Inc.
