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.
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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 19, 2013.
DORM Dorman Products, Inc.
OREX Orexigen Therapeutics, Inc.
SZYM Solazyme, Inc.
CCXI ChemoCentryx, Inc.
FMBI First Midwest Bancorp Inc.
DGI DigitalGlobe, Inc.
ARP Atlas Resource Partners, L.P.
LVS Las Vegas Sands Corp.
CTRP Ctrip.com International Ltd.
UFPI Universal Forest Products Inc.
PBNY Provident New York Bancorp
ARE Alexandria Real Estate Equities Inc.
IRE The Governor and Company of The Bank of Ireland
QSII Quality Systems Inc.
STSA Sterling Financial Corp.
STJ St. Jude Medical Inc.
RST Rosetta Stone, Inc.
FLEX Flextronics International Ltd.
KFN KKR Financial Holdings LLC
ANEN Anaren Inc.
KBR KBR, Inc.
TRP TransCanada Corp.
GIII G-III Apparel Group, Ltd.
IL IntraLinks Holdings, Inc.
HTCH Hutchinson Technology Inc.
IKAN Ikanos Communications, Inc.
KALU Kaiser Aluminum Corporation
PNR Pentair, Inc.
PDS Precision Drilling Corporation
