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Saturday, October 6, 2012

Stocks to Watch Bullish Ascending Triangle on October 8, 2012

Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line 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 October 5, 2012.

Ticker     Company    
AMT    American Tower Corporation
AIG    American International Group, Inc.
AIV    Apartment Investment & Management Co.
ENB    Enbridge Inc.
CVD    Covance Inc.
RFMD    RF Micro Devices Inc.
FHCO    The Female Health Company
SKS    Saks Incorporated
CNK    Cinemark Holdings Inc.
PX    Praxair Inc.
MAC    Macerich Co.
GNC    GNC Holdings Inc.
WCBO    West Coast Bancorp
GNOM    Complete Genomics, Inc.
AH    Accretive Health, Inc.
TRI    Thomson Reuters Corporation
ICE    IntercontinentalExchange, Inc.
MTU    Mitsubishi UFJ Financial Group, Inc.
FII    Federated Investors, Inc.
PGH    Pengrowth Energy Corporation
SFLY    Shutterfly, Inc.
XCO    EXCO Resources Inc.

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