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 5, 2013.
EGY Vaalco Energy Inc.
TE TECO Energy, Inc.
QSII Quality Systems Inc.
VPFG Viewpoint Financial Group
LVNTA Liberty Ventures
PACD Pacific Drilling S.A.
BPZ BPZ Resources, Inc.
PEB Pebblebrook Hotel Trust
KBR KBR, Inc.
SNSS Sunesis Pharmaceuticals Inc.
NSR NeuStar, Inc.
IRE The Governor and Company of The Bank of Ireland
HXM Homex Development Corp.
AYI Acuity Brands, Inc.
ISIL Intersil Corporation
IL IntraLinks Holdings, Inc.
SCHN Schnitzer Steel Industries Inc.
FMBI First Midwest Bancorp Inc.
BKS Barnes & Noble, Inc.
KFN KKR Financial Holdings LLC
CALD Callidus Software Inc.
PBNY Provident New York Bancorp
PDS Precision Drilling Corporation
RST Rosetta Stone, Inc.
HMIN Home Inns & Hotels Management Inc.
