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Saturday, June 23, 2012

Stocks to Watch Bullish Ascending Triangle on June 25, 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 June 22, 2012.

Ticker     Company    
MSL    Midsouth Bancorp Inc.
QCOR    Questcor Pharmaceuticals, Inc.
GTE    Gran Tierra Energy, Inc.
WSBC    WesBanco Inc.
WBCO    Washington Banking Co.
ONXX    Onyx Pharmaceuticals, Inc.
LPX    Louisiana-Pacific Corp.
ESGR    Enstar Group Limited
POOL    Pool Corp.
PNM    PNM Resources, Inc.
UBNK    United Financial Bancorp
CLDT    Chatham Lodging Trust
PSEC    Prospect Capital Corporation
CRI    Carter's, Inc.
XL    XL Group plc
RAI    Reynolds American Inc.
HCN    Health Care REIT, Inc.
AVD    American Vanguard Corp.
NWL    Newell Rubbermaid Inc.
ROLL    RBC Bearings Inc.
BBSI    Barrett Business Services Inc.
PRAA    Portfolio Recovery Associates Inc.
SIFI    SI Financial Group Inc.
FRS    Frisch's Restaurants Inc.

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