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
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Below these are the Bullish Ascending Triangle Pattern stocks on December 7, 2012.
FSLR First Solar, Inc.
RHP Ryman Hospitality Properties, Inc.
IRE The Governor and Company of The Bank of Ireland
LTON Linktone Ltd.
LOV Spark Networks, Inc.
SRE Sempra Energy
CMI Cummins Inc.
DWSN Dawson Geophysical Co.
TRK Speedway Motorsports Inc.
ADBE Adobe Systems Inc.
BDMS Birner Dental Management Services Inc.
HLF Herbalife Ltd.
HNH Handy & Harman Ltd.
PDEX Pro-Dex Inc.
LLTC Linear Technology Corp.
MGA Magna International, Inc.
CASH Meta Financial Group, Inc.
EMR Emerson Electric Co.
WAT Waters Corp.
KMB Kimberly-Clark Corporation
SMP Standard Motor Products Inc.
CMS CMS Energy Corp.
WTW Weight Watchers International, Inc.
CYN City National Corp.
VVC Vectren Corporation
PX Praxair Inc.
COBZ CoBiz Financial Inc
RTLX Retalix Ltd.
MFLR Mayflower Bancorp, Inc.
AJG Arthur J Gallagher & Co.
AAME Atlantic American Corp.
MPX Marine Products Corp.
MWV MeadWestvaco Corporation
IBKR Interactive Brokers Group, Inc.
ACY AeroCentury Corp.
ROSE Rosetta Resources, Inc.
GNOM Complete Genomics, Inc.
FRBK Republic First Bancorp Inc.
NDAQ Nasdaq OMX Group Inc.
THRM Gentherm Incorporated
KBALB Kimball International, Inc.
MSM MSC Industrial Direct Co. Inc.
XEC Cimarex Energy Co.
ALJ Alon USA Energy, Inc.
GET Gaylord Entertainment Co.
ENZN Enzon Pharmaceuticals Inc.
