Uptrend

A sustained series of higher highs and higher lows in a security's price, indicating that buyers are consistently willing to pay more over time. Technical analysts confirm uptrends by drawing ascending trendlines along the rising lows, and many trend-following systems only take long positions when the price is above key moving averages. The adage "buy the dip" is rooted in the logic of buying temporary pullbacks within a larger uptrend.