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 17, 2012.
Ticker Company ARQL ArQule Inc.
ING ING Groep NV
CRUS Cirrus Logic Inc.
SXC SunCoke Energy Inc.
BBL BHP Billiton plc
DB Deutsche Bank AG
CLNE Clean Energy Fuels Corp.
PHG Koninklijke Philips Electronics NV
CVH Coventry Health Care Inc.
HES Hess Corporation
ABB ABB Ltd.
TV Grupo Televisa, S.A.B.
UTX United Technologies Corp.
WLP WellPoint Inc.
EOG EOG Resources, Inc.
DELL Dell Inc.
ADI Analog Devices Inc.
INFY Infosys Ltd.
EQR Equity Residential
UNH Unitedhealth Group, Inc.
ACAS American Capital, Ltd.
ADP Automatic Data Processing, Inc.
DVN Devon Energy Corporation
MSFT Microsoft Corporation
FST Forest Oil Corp.
HXL Hexcel Corp.
JCI Johnson Controls Inc.
TIE Titanium Metals Corporation
SYK Stryker Corp.
OMC Omnicom Group Inc.
XL XL Group plc
CA CA Technologies
MAR Marriott International, Inc.
ERIC LM Ericsson Telephone Co.
NTRS Northern Trust Corporation
PNC PNC Financial Services Group Inc.
MCO Moody's Corp.
KKR Kohlberg Kravis Roberts & Co.
