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 June 7, 2013.
HRB H&R Block, Inc.
TVL LIN TV Corp.
ACW Accuride Corp.
ATSG Air Transport Services Group, Inc.
HCA HCA Holdings, Inc.
COWN Cowen Group, Inc.
JAZZ Jazz Pharmaceuticals plc
MOSY MoSys, Inc.
NVMI Nova Measuring Instruments Ltd.
FRC First Republic Bank
WBS Webster Financial Corp.
HCC HCC Insurance Holdings Inc.
MNST Monster Beverage Corporation
ZBRA Zebra Technologies Corp.
ESIO Electro Scientific Industries Inc.
LF LeapFrog Enterprises Inc.
FDUS Fidus Investment Corporation
CRL Charles River Laboratories International, Inc.
IPHI Inphi Corporation
GAIN Gladstone Investment Corporation
FNB F.N.B. Corporation
CRMT America's Car-Mart Inc.
QSII Quality Systems Inc.
FUBC 1st United Bancorp, Inc.
POT Potash Corp. of Saskatchewan, Inc.
CLH Clean Harbors, Inc.
MNTG MTR Gaming Group, Inc.
HALO Halozyme Therapeutics, Inc.
