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Sunday, September 2, 2012

Stocks to Watch Bullish Ascending Triangle on September 4, 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 August 31, 2012.

Ticker     Company    
STC    Stewart Information Services Corp.
NTSP    Netspend Holdings, Inc.
FHCO    The Female Health Company
CPWR    Compuware Corporation
WXS    Wright Express Corp.
DISCA    Discovery Communications, Inc.
AF    Astoria Financial Corporation
STI    SunTrust Banks, Inc.
PVTB    Privatebancorp Inc.
SGMO    Sangamo Biosciences Inc.
NTRS    Northern Trust Corporation
HBC    HSBC Holdings plc
NCMI    National CineMedia, Inc.
RRTS    Roadrunner Transportation Systems, Inc.
TRST    TrustCo Bank Corp. NY
VAC    Marriott Vacations Worldwide Corp.
FMC    FMC Corp.
SYK    Stryker Corp.
PL    Protective Life Corp.
ESE    ESCO Technologies Inc.
MBFI    MB Financial Inc.
WCBO    West Coast Bancorp
NX    Quanex Building Products Corporation
EWBC    East West Bancorp, Inc.
VTG    Vantage Drilling Company
TCO    Taubman Centers Inc.
CVD    Covance Inc.
INTU    Intuit Inc.
ALGN    Align Technology Inc.
XCO    EXCO Resources Inc.
ESS    Essex Property Trust Inc.
MFG    Mizuho Financial Group, Inc.

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