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 January 6, 2012.
Ticker Company MGA Magna International, Inc.
VIT VanceInfo Technologies Inc.
SFI iStar Financial Inc.
CXW Corrections Corporation of America
HLIT Harmonic Inc.
AXL American Axle & Manufacturing Holdings Inc.
NXPI NXP Semiconductors NV
BID Sotheby's
PKG Packaging Corp. of America
ESRX Express Scripts Inc.
MSFT Microsoft Corporation
CNK Cinemark Holdings Inc.
HRS Harris Corp.
KKR Kohlberg Kravis Roberts & Co.
RGLD Royal Gold, Inc.
AHL Aspen Insurance Holdings Ltd.
QLIK Qlik Technologies, Inc.
WERN Werner Enterprises Inc.
TIE Titanium Metals Corporation
SCI Service Corp. International
DELL Dell Inc.
CSQ Calamos Strategic Total Return Fund
BGC General Cable Corp.
AVT Avnet Inc.
BLC Belo Corp.
CPWR Compuware Corporation
MAR Marriott International, Inc.
JCI Johnson Controls Inc.
TLT iShares Barclays 20+ Year Treas Bond
CRUS Cirrus Logic Inc.
SYK Stryker Corp.
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund
SLG SL Green Realty Corp.
REG Regency Centers Corporation
ADSK Autodesk, Inc.
LRY Liberty Property Trust
MCO Moody's Corp.
UNH Unitedhealth Group, Inc.
FE FirstEnergy Corp.
