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 January 4, 2013.
ROVI Rovi Corporation
FHN First Horizon National Corporation
WTW Weight Watchers International, Inc.
IRE The Governor and Company of The Bank of Ireland
APC Anadarko Petroleum Corporation
THRM Gentherm Incorporated
MTRX Matrix Service Co.
GCI Gannett Co., Inc.
SMP Standard Motor Products Inc.
MT Arcelor Mittal
MWV MeadWestvaco Corporation
ABM ABM Industries Inc.
UAN CVR Partners, LP
BMR BioMed Realty Trust Inc.
LOGM LogMeIn, Inc.
AWH Allied World Assurance Company Holdings, AG
KBH KB Home
FWLT Foster Wheeler AG
PLT Plantronics, Inc.
SAPE Sapient Corp.
AUQ AuRico Gold Inc.
AMGN Amgen Inc.
PODD Insulet Corporation
TRI Thomson Reuters Corporation
KMB Kimberly-Clark Corporation
EMR Emerson Electric Co.
MSM MSC Industrial Direct Co. Inc.
HNT Health Net, Inc.
GM General Motors Company
NU Northeast Utilities
MOLX Molex Inc.
BR Broadridge Financial Solutions Inc.
ABAX Abaxis Inc.
IL IntraLinks Holdings, Inc.
DNB Dun & Bradstreet Corp.
SPAR Spartan Motors Inc.
LTM Life Time Fitness Inc.
