Rising Wedge
Conversely, a rising wedge is a bearish pattern that signals that the security is likely to head in a downward direction. The trend lines of this pattern converge, with both trend lines 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 trend lines 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 trend lines of this pattern converge, with both trend lines 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 trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
Below these are the Bullish Wedge Pattern stocks on December 28, 2011
Ticker Company CSE CapitalSource Inc.
VLY Valley National Bancorp
TV Grupo Televisa, S.A.B.
JCP J. C. Penney Company, Inc.
FE FirstEnergy Corp.
CXW Corrections Corporation of America
ELN Elan Corporation, plc
PCL Plum Creek Timber Co. Inc.
TTI TETRA Technologies Inc.
BRY Berry Petroleum Co.
HBAN Huntington Bancshares Inc.
JNJ Johnson & Johnson
UL Unilever plc
KEY KeyCorp
MSFT Microsoft Corporation
ABB ABB Ltd.
REG Regency Centers Corporation
RJF Raymond James Financial Inc.
ARO Aeropostale, Inc.
SYK Stryker Corp.
UNH Unitedhealth Group, Inc.
ABV Companhia de Bebidas Das Americas (AMBEV)
UTX United Technologies Corp.
NOC Northrop Grumman Corporation
JCI Johnson Controls Inc.
BBT BB&T Corporation
CFN CareFusion Corporation
HOG Harley-Davidson, Inc.
CMI Cummins Inc.
LINTA Liberty Interactive, Inc.
ADP Automatic Data Processing, Inc.
MET MetLife, Inc.
TCK Teck Resources Limited
OMC Omnicom Group Inc.
DELL Dell Inc.
HAS Hasbro Inc.
STO Statoil ASA
BPO Brookfield Properties Corporation
DVN Devon Energy Corporation
CCI Crown Castle International Corp.
DHR Danaher Corp.
TTM Tata Motors Ltd.
MCO Moody's Corp.
CSX CSX Corp.
BEN Franklin Resources Inc.
