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 24, 2012.
Ticker Company SMTC Semtech Corp.
THC Tenet Healthcare Corp.
CYH Community Health Systems, Inc.
PKG Packaging Corp. of America
MDC MDC Holdings Inc.
ADI Analog Devices Inc.
INFY Infosys Ltd.
CMVT Comverse Technology Inc.
FST Forest Oil Corp.
UTX United Technologies Corp.
TOT Total SA
CA CA Technologies
DELL Dell Inc.
ADP Automatic Data Processing, Inc.
AXP American Express Company
RRD R.R. Donnelley & Sons Company
MAR Marriott International, Inc.
APC Anadarko Petroleum Corporation
AUY Yamana Gold, Inc.
ERIC LM Ericsson Telephone Co.
PDS Precision Drilling Corporation
MSFT Microsoft Corporation
DVN Devon Energy Corporation
MS Morgan Stanley
FE FirstEnergy Corp.
WLP WellPoint Inc.
DB Deutsche Bank AG
ATML Atmel Corporation
BCS Barclays PLC
HES Hess Corporation
