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 12, 2013.
IKAN Ikanos Communications, Inc.
RST Rosetta Stone, Inc.
LTON Linktone Ltd.
KFN KKR Financial Holdings LLC
STJ St. Jude Medical Inc.
DORM Dorman Products, Inc.
VPFG Viewpoint Financial Group
PEB Pebblebrook Hotel Trust
BKS Barnes & Noble, Inc.
PACD Pacific Drilling S.A.
CO China Cord Blood Corporation
DNB Dun & Bradstreet Corp.
TE TECO Energy, Inc.
SZYM Solazyme, Inc.
AYI Acuity Brands, Inc.
PBNY Provident New York Bancorp
IL IntraLinks Holdings, Inc.
FMBI First Midwest Bancorp Inc.
TRP TransCanada Corp.
SFL Ship Finance International Limited
KBR KBR, Inc.
WPRT Westport Innovations Inc.
QSII Quality Systems Inc.
IRE The Governor and Company of The Bank of Ireland
STSA Sterling Financial Corp.
GTN Gray Television Inc.
PDS Precision Drilling Corporation
KALU Kaiser Aluminum Corporation
MTB M&T Bank Corporation
HXM Homex Development Corp.
ALVR Alvarion Ltd.
