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Sunday, January 15, 2012

Stocks to Watch Bullish Ascending Triangle on January 17, 2012

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

Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here

Below these are the Bullish Ascending Triangle Pattern stocks on January 13, 2012.

Ticker     Company    
GGC    Georgia Gulf Corp.
BKU    BankUnited, Inc.
FITB    Fifth Third Bancorp
MSI    Motorola Solutions, Inc.
CFN    CareFusion Corporation
SEE    Sealed Air Corporation
WTR    Aqua America Inc.
MMM    3M Co.
INTU    Intuit Inc.
XEC    Cimarex Energy Co.
LEAP    Leap Wireless International Inc.
SEIC    SEI Investments Co.
SWFT    Swift Transportation Company
NWSA    News Corp.
DOW    The Dow Chemical Company
CNI    Canadian National Railway Company
UL    Unilever plc
JBL    Jabil Circuit Inc.
ONNN    ON Semiconductor Corp.
GDP    Goodrich Petroleum Corp.
AKS    AK Steel Holding Corporation
SPN    Superior Energy Services, Inc.
AOL    AOL, Inc.

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