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 May 31, 2013.
LVNTA Liberty Ventures
NVMI Nova Measuring Instruments Ltd.
HCA HCA Holdings, Inc.
PII Polaris Industries, Inc.
HCC HCC Insurance Holdings Inc.
LF LeapFrog Enterprises Inc.
COWN Cowen Group, Inc.
FDUS Fidus Investment Corporation
BONT Bon-Ton Stores Inc.
MNST Monster Beverage Corporation
QSII Quality Systems Inc.
PBNY Provident New York Bancorp
DGI DigitalGlobe, Inc.
WBS Webster Financial Corp.
JAZZ Jazz Pharmaceuticals plc
GCI Gannett Co., Inc.
CLH Clean Harbors, Inc.
GAIN Gladstone Investment Corporation
POT Potash Corp. of Saskatchewan, Inc.
XRS TAL Education Group
ESIO Electro Scientific Industries Inc.
CRL Charles River Laboratories International, Inc.
VDSI VASCO Data Security International Inc.
HALO Halozyme Therapeutics, Inc.
ACAS American Capital, Ltd.
MSA Mine Safety Appliances Co.
CAG ConAgra Foods, Inc.
ACW Accuride Corp.
HYGS Hydrogenics Corp.
