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Sunday, November 11, 2012

Stocks to Watch Bullish Ascending Triangle on November 12, 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 November 11, 2012.

Ticker     Company    
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.

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