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 23, 2012.
Ticker Company FST Forest Oil Corp.
CRZO Carrizo Oil & Gas Inc.
JNS Janus Capital Group, Inc.
DVN Devon Energy Corporation
AUY Yamana Gold, Inc.
DB Deutsche Bank AG
WAL Western Alliance Bancorporation
GDI Gardner Denver Inc.
CRK Comstock Resources Inc.
CMVT Comverse Technology Inc.
DELL Dell Inc.
ABB ABB Ltd.
EQR Equity Residential
GME GameStop Corp.
CPWR Compuware Corporation
RRD R.R. Donnelley & Sons Company
SKS Saks Incorporated
UTX United Technologies Corp.
TOT Total SA
FE FirstEnergy Corp.
HES Hess Corporation
INFY Infosys Ltd.
CYH Community Health Systems, Inc.
WLP WellPoint Inc.
APC Anadarko Petroleum Corporation
THC Tenet Healthcare Corp.
MSFT Microsoft Corporation
ADP Automatic Data Processing, Inc.
PDS Precision Drilling Corporation
ERIC LM Ericsson Telephone Co.
ADI Analog Devices Inc.
BCS Barclays PLC
CA CA Technologies
CPB Campbell Soup Co.
MAR Marriott International, Inc.
MS Morgan Stanley
SYK Stryker Corp.
ATML Atmel Corporation
HOG Harley-Davidson, Inc.
