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.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
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.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
My Daily Trading Activities - Membership Link
Below these are the Bullish Ascending Triangle Pattern stocks on November 11, 2012.
GHDX Genomic Health Inc.
MGM MGM Resorts International
GNC GNC Holdings Inc.
VSAT ViaSat Inc.
FSLR First Solar, Inc.
SHLD Sears Holdings Corporation
RHP Ryman Hospitality Properties, Inc.
EMR Emerson Electric Co.
CMI Cummins Inc.
CMC Commercial Metals Company
CPN Calpine Corp.
LLTC Linear Technology Corp.
MAC Macerich Co.
X United States Steel Corp.
PX Praxair Inc.
EEP Enbridge Energy Partners LP
PNW Pinnacle West Capital Corporation
CNK Cinemark Holdings Inc.
SAPE Sapient Corp.
AH Accretive Health, Inc.
