Ascending tops
A chart pattern that depicts that each peak in a security's price over a period of time is higher than the preceding peak. Antithesis of descending tops.
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Ascending Tops
In technical analysis, a series of peaks in price in which each peak is higher than the last. That is, a price may peak, then dip back down, then go to a higher peak, and so forth. Technical analysts often consider this a strong buy signal.
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ascending tops
In technical analysis, a chart pattern indicating the up and down movement of a security's price and characterized by progressively higher peaks on each upturn. This pattern is considered bullish. Compare descending tops.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.