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 21, 2012.
AZPN Aspen Technology, Inc.
RTIX RTI Biologics, Inc.
PODD Insulet Corporation
VSI Vitamin Shoppe, Inc.
BMR BioMed Realty Trust Inc.
GM General Motors Company
MSM MSC Industrial Direct Co. Inc.
RHP Ryman Hospitality Properties, Inc.
SRE Sempra Energy
LTM Life Time Fitness Inc.
JKHY Jack Henry & Associates Inc.
LOGM LogMeIn, Inc.
TFX Teleflex Incorporated
CIM Chimera Investment Corporation
CMS CMS Energy Corp.
NU Northeast Utilities
AUQ AuRico Gold Inc.
THRM Gentherm Incorporated
CMI Cummins Inc.
KMB Kimberly-Clark Corporation
VVC Vectren Corporation
UTX United Technologies Corp.
APC Anadarko Petroleum Corporation
MWV MeadWestvaco Corporation
AKAM Akamai Technologies, Inc.
EMR Emerson Electric Co.
ABM ABM Industries Inc.
IRE The Governor and Company of The Bank of Ireland
OMG OM Group Inc.
BR Broadridge Financial Solutions Inc.
OCR Omnicare Inc.
AJG Arthur J Gallagher & Co.
FWLT Foster Wheeler AG
ROVI Rovi Corporation
AWC Alumina Ltd.
MT Arcelor Mittal
