Define: Pennant

UK Accounting Glossary

Definition: Pennant



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Full Definition of Pennant


Pennant is a continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trendlines, the pennant, followed by a breakout movement in the same direction as the initial large movement, the second half of the flagpole.


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Pennant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 04, 2020 https://payrollheaven.com/define/pennant/.
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Pennant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/pennant/ (accessed: April 04, 2020).
American Psychological Association (APA):
Pennant. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/pennant/

Definition Sources


Definitions for Pennant are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March 2020.