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 30, 2011
Ticker Company MPEL Melco Crown Entertainment Ltd.
NAV Navistar International Corp.
TCK Teck Resources Limited
BTU Peabody Energy Corp.
GG Goldcorp Inc.
AKS AK Steel Holding Corporation
BRY Berry Petroleum Co.
GDP Goodrich Petroleum Corp.
PBR Petroleo Brasileiro
IDTI Integrated Device Technology, Inc.
ERIC LM Ericsson Telephone Co.
BCS Barclays PLC
SCCO Southern Copper Corp.
JCI Johnson Controls Inc.
OMC Omnicom Group Inc.
FCX Freeport-McMoRan Copper & Gold Inc.
ABB ABB Ltd.
BBL BHP Billiton plc
ING ING Groep NV
AUY Yamana Gold, Inc.
CCI Crown Castle International Corp.
SKM SK Telecom Co. Ltd.
TV Grupo Televisa, S.A.B.
HOG Harley-Davidson, Inc.
SYK Stryker Corp.
CFN CareFusion Corporation
CJES C&J Energy Services, Inc.
CSX CSX Corp.
BEE Strategic Hotels & Resorts, Inc.
TTM Tata Motors Ltd.
