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.


As can be seen in the above picture, there is a large rise in the stock, followed by a converging consolidation period that resembles a pennant and a resulting continuation of the initial trend.

Pennants, which are similar to flags in terms of structure, have converging trendlines during their consolidation period and they last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.

Investment dictionary. . 2012.


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  • Pennant — may refer to: * Pennon (or pennant), a narrow, tapering flag commonly flown by ships at sea: ** Pennant (commissioning), the traditional sign of a warship, flown from its masthead while the ship is in commission ** Broad pennant, flown from the… …   Wikipedia

  • Pennant — Saltar a navegación, búsqueda Pennant puede referirse a: Thomas Pennant: naturalista galés del siglo XVIII Jermaine Pennant: Futbolista Inglés. Obtenido de Pennant Categoría: Wikipedia:Desambiguación …   Wikipedia Español

  • Pennant — Pen nant, n. [OE. penon, penoun, pynoun, OF. penon, F. pennon, fr. L. penna feather. See {Pen} a feather, and cf. {Pennon}, {Pinion}.] (Naut.) (a) A small flag; a pennon. The {narrow pennant}, or {long pennant} (called also whip or coach whip) is …   The Collaborative International Dictionary of English

  • Pennant — bezeichnet: folgende Personen: Jermaine Pennant (* 1983), englischer Fußballspieler Thomas Pennant (1726–1798), walisischer Naturwissenschaftler, Ornithologe und Altertumsforscher folgende Produkte: Pennant, ein 1924 1925 hergestelltes US… …   Deutsch Wikipedia

  • Pennant — Pennant, Thomas, geb. 1726 zu Downing in Flintshire; studirte die Rechte, legte sich aber bes. auf Naturgeschichte u. Antiquitäten u. machte Reisen in mehre Länder Europas; die Zwischenzeit brachte er auf seinem Landgute Downing zu u. st. 1798.… …   Pierer's Universal-Lexikon

  • Pennant — Pennant, Thomas, Zoolog, s. Penn …   Meyers Großes Konversations-Lexikon

  • pennant — 1610s, rope for hoisting, probably a blend of PENDANT (Cf. pendant) (q.v.) in the nautical sense of suspended rope and PENNON (Cf. pennon). Use for flag on a warship first recorded 1690s; flag symbolizing a sports championship (especially… …   Etymology dictionary

  • pennant — *flag, ensign, standard, banner, color, streamer, pendant, pennon, jack …   New Dictionary of Synonyms

  • pennant — [n] flag, banner banderole, bunting, burgee, color, decoration, emblem, ensign, jack, pennon, screamer, standard, streamer; concepts 260,473 …   New thesaurus

  • pennant — ► NOUN 1) a tapering flag flown at the masthead of a ship in commission. 2) a long triangular or swallow tailed flag. 3) N. Amer. a flag identifying a sports team, club, etc. ORIGIN blend of PENDANT(Cf. ↑pendant) and PENNON(Cf. ↑P) …   English terms dictionary

  • pennant — [pen′ənt] n. [< PENNON, altered by assoc. with PENDANT] 1. any long, narrow, usually triangular flag, as used in naval signal hoists, for a school banner, etc. 2. any such flag symbolizing a championship, esp. in baseball …   English World dictionary

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