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.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
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.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
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Below these are the Bullish Ascending Triangle Pattern stocks on October 11, 2012.
PGH Pengrowth Energy Corporation
AH Accretive Health, Inc.
FHCO The Female Health Company
MGAM Multimedia Games Inc.
CVD Covance Inc.
MTU Mitsubishi UFJ Financial Group, Inc.
CNK Cinemark Holdings Inc.
SKS Saks Incorporated
TTEK Tetra Tech Inc.
YHOO Yahoo! Inc.
AIG American International Group, Inc.
SFLY Shutterfly, Inc.
RHP Ryman Hospitality Properties, Inc.
RFMD RF Micro Devices Inc.
PX Praxair Inc.
FII Federated Investors, Inc.
MAC Macerich Co.
TRI Thomson Reuters Corporation
ENB Enbridge Inc.
GNC GNC Holdings Inc.
GNOM Complete Genomics, Inc.
AMT American Tower Corporation
AIV Apartment Investment & Management Co.
PACW PacWest Bancorp
ELLI Ellie Mae, Inc. Common Stock
