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 trend line 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 trend line 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 February 8, 2013.
SLM SLM Corporation
NIHD NII Holdings Inc.
FBP First Bancorp
TGB Taseko Mines Ltd.
SHOR ShoreTel, Inc.
COH Coach, Inc.
IL IntraLinks Holdings, Inc.
EGY Vaalco Energy Inc.
RCKB Rockville Financial Inc.
MSCC Microsemi Corp.
ABM ABM Industries Inc.
NU Northeast Utilities
BPZ BPZ Resources, Inc.
TRI Thomson Reuters Corporation
KMB Kimberly-Clark Corporation
AH Accretive Health, Inc.
EL Estee Lauder Companies Inc.
AXU Alexco Resource Corporation
SRCL Stericycle, Inc.
CHU China Unicom (Hong Kong) Limited
KT KT Corp.
VSAT ViaSat Inc.
NSANY Nissan Motor Co., Ltd.
CSTR Coinstar, Inc.
