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 1, 2013.
BPZ BPZ Resources, Inc.
BAX Baxter International Inc.
REXX Rex Energy Corporation
QSII Quality Systems Inc.
EQT EQT Corporation
AXU Alexco Resource Corporation
WAC Walter Investment Management Corp.
NU Northeast Utilities
EL Estee Lauder Companies Inc.
ETH Ethan Allen Interiors Inc.
ACXM Acxiom Corporation
DEI Douglas Emmett Inc
COH Coach, Inc.
FMBI First Midwest Bancorp Inc.
EGY Vaalco Energy Inc.
DEO Diageo plc
AH Accretive Health, Inc.
MSCC Microsemi Corp.
WLT Walter Energy, Inc.
