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 December 28, 2012.
THRM Gentherm Incorporated
IRE The Governor and Company of The Bank of Ireland
PODD Insulet Corporation
RNF Rentech Nitrogen Partners, L.P.
DFS Discover Financial Services
RTLX Retalix Ltd.
LTM Life Time Fitness Inc.
ROVI Rovi Corporation
SAPE Sapient Corp.
GM General Motors Company
SMP Standard Motor Products Inc.
FHN First Horizon National Corporation
AJG Arthur J Gallagher & Co.
MSM MSC Industrial Direct Co. Inc.
TCB TCF Financial Corporation
OMG OM Group Inc.
BMR BioMed Realty Trust Inc.
CMS CMS Energy Corp.
LOGM LogMeIn, Inc.
NU Northeast Utilities
RHP Ryman Hospitality Properties, Inc.
CMI Cummins Inc.
MWV MeadWestvaco Corporation
KMB Kimberly-Clark Corporation
PLT Plantronics, Inc.
ES EnergySolutions, Inc
TRI Thomson Reuters Corporation
EMR Emerson Electric Co.
DNB Dun & Bradstreet Corp.
WTW Weight Watchers International, Inc.
MOLX Molex Inc.
ABM ABM Industries Inc.
AWC Alumina Ltd.
FWLT Foster Wheeler AG
CIM Chimera Investment Corporation
APC Anadarko Petroleum Corporation
AUQ AuRico Gold Inc.
RTIX RTI Biologics, Inc.
MT Arcelor Mittal
HNT Health Net, Inc.
