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 trendline 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 trendline 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
My Daily Trading Activities - Membership Link
Below these are the Bullish Ascending Triangle Pattern stocks on October 5, 2012.
AMT American Tower Corporation
AIG American International Group, Inc.
AIV Apartment Investment & Management Co.
ENB Enbridge Inc.
CVD Covance Inc.
RFMD RF Micro Devices Inc.
FHCO The Female Health Company
SKS Saks Incorporated
CNK Cinemark Holdings Inc.
PX Praxair Inc.
MAC Macerich Co.
GNC GNC Holdings Inc.
WCBO West Coast Bancorp
GNOM Complete Genomics, Inc.
AH Accretive Health, Inc.
TRI Thomson Reuters Corporation
ICE IntercontinentalExchange, Inc.
MTU Mitsubishi UFJ Financial Group, Inc.
FII Federated Investors, Inc.
PGH Pengrowth Energy Corporation
SFLY Shutterfly, Inc.
XCO EXCO Resources Inc.
