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Sunday, January 29, 2012

Stocks to Watch Bullish Ascending Triangle on January 30, 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 27, 2012.

Ticker     Company    
GDP    Goodrich Petroleum Corp.
FSL    Freescale Semiconductor Holdings I, Ltd.
HRC    Hill-Rom Holdings, Inc.
STO    Statoil ASA
UL    Unilever plc
WTR    Aqua America Inc.
MPC    Marathon Petroleum Corporation
INTU    Intuit Inc.
APC    Anadarko Petroleum Corporation
DOW    The Dow Chemical Company
TRP    TransCanada Corp.
XEC    Cimarex Energy Co.
ONNN    ON Semiconductor Corp.
BP    BP plc
JBL    Jabil Circuit Inc.
MCRS    MICROS Systems, Inc.
SPN    Superior Energy Services, Inc.
FFBC    First Financial Bancorp.
CI    Cigna Corp.
CNI    Canadian National Railway Company
CRH    CRH plc
PSO    Pearson plc
ATK    Alliant Techsystems Inc.
IPXL    Impax Laboratories Inc.
TEL    TE Connectivity Ltd.
LTXC    LTX-Credence Corporation
LEAP    Leap Wireless International Inc.

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