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Sunday, March 17, 2013

Stocks to Watch Bullish Ascending Triangle on March 18, 2013

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.

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Below these are the Bullish Ascending Triangle Pattern stocks on March 15, 2013.

Ticker     Company    
SNY    Sanofi
ETH    Ethan Allen Interiors Inc.
ACXM    Acxiom Corporation
KBR    KBR, Inc.
FMBI    First Midwest Bancorp Inc.
DEI    Douglas Emmett Inc
SCHN    Schnitzer Steel Industries Inc.
QSII    Quality Systems Inc.
MSCC    Microsemi Corp.
DEO    Diageo plc
WAC    Walter Investment Management Corp.
S    Sprint Nextel Corp.
BPZ    BPZ Resources, Inc.
EL    Estee Lauder Companies Inc.
EGY    Vaalco Energy Inc.


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