InvestorWords.com
rectangle
Definition
A technical analysis charting pattern, formed when the resistance level and support level of a security are parallel to each other, forming the shape of a rectangle. When this situation occurs, a security will usually remain stuck in this range for a while, but will eventually breakout in one direction, and this direction is typically the direction the stock will continue to trend.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!



