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
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.
