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 February 1, 2013.
FBP First Bancorp
LEDR Market Leader, Inc.
EIHI Eastern Insurance Holdings, Inc.
SMS Sims Metal Management Limited
OPY Oppenheimer Holdings Inc.
AWX Avalon Holdings Corp.
FMNB Farmers National Banc Corp.
NTGR Netgear Inc.
ORIG Ocean Rig UDW Inc.
JOUT Johnson Outdoors Inc.
NEO Neogenomics Inc.
CHU China Unicom (Hong Kong) Limited
NTSC National Technical Systems Inc.
HES Hess Corporation
SCHN Schnitzer Steel Industries Inc.
FLR Fluor Corporation
CASM CAS Medical Systems Inc.
MMP Magellan Midstream Partners LP
SHLO Shiloh Industries Inc.
FULT Fulton Financial Corporation
MFLR Mayflower Bancorp, Inc.
PSMT PriceSmart Inc.
TBAC Tandy Brands Accessories Inc.
CLMT Calumet Specialty Products Partners LP
STBZ State Bank Financial Corporation
TFX Teleflex Incorporated
MSCC Microsemi Corp.
NU Northeast Utilities
ABM ABM Industries Inc.
ALNC Alliance Financial Corporation
TRI Thomson Reuters Corporation
TOFC Tower Financial Corporation
EGY Vaalco Energy Inc.
PBNY Provident New York Bancorp
GYRO Gyrodyne Co. of America Inc.
KMB Kimberly-Clark Corporation
LOGM LogMeIn, Inc.
TSH Teche Holding Company
WSTG Wayside Technology Group, Inc.
BMR BioMed Realty Trust Inc.
SLP Simulations Plus Inc.
WDAY Workday, Inc.
SPLS Staples, Inc.
RENT Rentrak Corporation
IL IntraLinks Holdings, Inc.
RTLX Retalix Ltd.
HWKN Hawkins Inc.
CTHR Charles & Colvard Ltd.
TGB Taseko Mines Ltd.
VSAT ViaSat Inc.
NSANY Nissan Motor Co., Ltd.
EGL Engility Holdings, Inc.
LTON Linktone Ltd.
CBF Capital Bank Financial Corp.
ROVI Rovi Corporation
CHEV Cheviot Financial Corp.
SHOR ShoreTel, Inc.
COH Coach, Inc.
MTEX Mannatech Inc.
MAGS Magal Security Systems Ltd.
AMCN AirMedia Group Inc.
NIHD NII Holdings Inc.
