Rising Wedge
Conversely, a rising wedge is a bearish pattern that signals that the security is likely to head in a downward direction. The trendlines of this pattern converge, with both trendlines slanted in an upward direction.
Falling Wedge
The falling wedge is a generally bullish pattern signaling that one will likely see the price break upwards through the wedge and move into an uptrend. The trendlines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Conversely, a rising wedge is a bearish pattern that signals that the security is likely to head in a downward direction. The trendlines of this pattern converge, with both trendlines slanted in an upward direction.
Falling Wedge
The falling wedge is a generally bullish pattern signaling that one will likely see the price break upwards through the wedge and move into an uptrend. The trendlines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
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Below these are the Bullish Wedge Pattern stocks on December 7, 2011
Ticker Company SWS SWS Group, Inc.
NXPI NXP Semiconductors NV
MRVL Marvell Technology Group Ltd.
ELN Elan Corporation, plc
ABV Companhia de Bebidas Das Americas (AMBEV)
UNH Unitedhealth Group, Inc.
JNJ Johnson & Johnson
O Realty Income Corp.
STJ St. Jude Medical Inc.
SKM SK Telecom Co. Ltd.
LRY Liberty Property Trust
UL Unilever plc
VIT VanceInfo Technologies Inc.
EQY Equity One Inc.
FMX Fomento Econ
T AT&T, Inc.
CHT Chunghwa Telecom Co. Ltd.
BWLD Buffalo Wild Wings Inc.
CPL CPFL Energia S.A.
VGZ Vista Gold Corp.
GTE Gran Tierra Energy, Inc.
MJN Mead Johnson Nutrition Company
SHPGY Shire plc
LYV Live Nation Entertainment, Inc.
WABC Westamerica Bancorp.
MSFT Microsoft Corporation
CNK Cinemark Holdings Inc.
GG Goldcorp Inc.
TSPT Transcept Pharmaceuticals, Inc.
PPG PPG Industries Inc.
CCI Crown Castle International Corp.
PKG Packaging Corp. of America
AUXL Auxilium Pharmaceuticals Inc.
BGC General Cable Corp.