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 April 26, 2013.
BONT Bon-Ton Stores Inc.
SZYM Solazyme, Inc.
RST Rosetta Stone, Inc.
KBR KBR, Inc.
ACC American Campus Communities Inc.
RYL Ryland Group Inc.
QSII Quality Systems Inc.
WYNN Wynn Resorts Ltd.
PACD Pacific Drilling S.A.
EL Estee Lauder Companies Inc.
IRE The Governor and Company of The Bank of Ireland
NYCB New York Community Bancorp Inc.
MTB M&T Bank Corporation
GD General Dynamics Corp.
IL IntraLinks Holdings, Inc.
CTRP Ctrip.com International Ltd.
SIRO Sirona Dental Systems Inc.
PBNY Provident New York Bancorp
TRP TransCanada Corp.
GTN Gray Television Inc.
PII Polaris Industries, Inc.
STJ St. Jude Medical Inc.
FLEX Flextronics International Ltd.
DGI DigitalGlobe, Inc.
ARP Atlas Resource Partners, L.P.
SAPE Sapient Corp.
OREX Orexigen Therapeutics, Inc.
CCXI ChemoCentryx, Inc.
TVL LIN TV Corp.
FBR Fibria Celulose SA
IKAN Ikanos Communications, Inc.
