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
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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.
