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triple top

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Financial Dictionary

triple top

In technical analysis, a chart pattern that indicates that a stock or a market index has attempted to penetrate an upper price level on three different occasions. If the stock price or index actually breaks through on the upside during the third attempt, it is a bullish signal. If the stock price or index fails on the third attempt and pulls back, it is a bearish signal. Compare triple bottom.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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