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Sunday, September 16, 2012

Stocks to Watch Bullish Ascending Triangle on September 17, 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 September 14, 2012.

Ticker     Company    
MILL    Miller Energy Resources, Inc.
SVM    Silvercorp Metals Inc.
BEE    Strategic Hotels & Resorts, Inc.
DE    Deere & Company
RHI    Robert Half International Inc.
EGY    Vaalco Energy Inc.
DWA    DreamWorks Animation SKG Inc.
AMSC    American Superconductor Corporation
CFR    Cullen/Frost Bankers, Inc.
AU    AngloGold Ashanti Ltd.
RBA    Ritchie Bros. Auctioneers Incorporated
ZINC    Horsehead Holding Corp.
RJF    Raymond James Financial Inc.
NTRI    Nutrisystem, Inc.
CSL    Carlisle Companies Inc.
MEDW    Mediware Information Systems Inc.
SBX    SeaBright Holdings, Inc.
NQ    NetQin Mobile Inc.
YUM    Yum! Brands, Inc.
AZO    AutoZone Inc.

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