ascending tops

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

ascending tops

click for a larger image
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.
Mentioned in ?
References in periodicals archive ?
The Tadawul All-Share Index (TASI), reflecting a series of ascending tops, edged higher by 0.29 percent to 6,870.98 points yesterday.