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
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Below these are the Bullish Ascending Triangle Pattern stocks on March 28, 2013.
OREX Orexigen Therapeutics, Inc.
PCO Pendrell Corporation
SNSS Sunesis Pharmaceuticals Inc.
DNB Dun & Bradstreet Corp.
BKS Barnes & Noble, Inc.
QSII Quality Systems Inc.
TE TECO Energy, Inc.
MSCC Microsemi Corp.
ACXM Acxiom Corporation
WRE Washington Real Estate Investment Trust
PACD Pacific Drilling S.A.
HOMB Home Bancshares, Inc. (Conway, AR)
EGY Vaalco Energy Inc.
ISIL Intersil Corporation
KBR KBR, Inc.
RST Rosetta Stone, Inc.
SCHN Schnitzer Steel Industries Inc.
ETH Ethan Allen Interiors Inc.
SHLM A. Schulman, Inc.
VPFG Viewpoint Financial Group
HMIN Home Inns & Hotels Management Inc.
BPZ BPZ Resources, Inc.
