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 27, 2012.
Ticker Company IMGN Immunogen Inc.
CHMT Chemtura Corporation
ONTY Oncothyreon Inc
BGC General Cable Corp.
ARQL ArQule Inc.
CYH Community Health Systems, Inc.
DB Deutsche Bank AG
RGLD Royal Gold, Inc.
BRY Berry Petroleum Co.
ANN ANN INC
AUY Yamana Gold, Inc.
ITG Investment Technology Group Inc.
UHS Universal Health Services Inc.
THC Tenet Healthcare Corp.
JNS Janus Capital Group, Inc.
PDS Precision Drilling Corporation
BCS Barclays PLC
SFI iStar Financial Inc.
SKS Saks Incorporated
ENI Enersis S.A.
CRK Comstock Resources Inc.
EQR Equity Residential
CHT Chunghwa Telecom Co. Ltd.
HES Hess Corporation
AVB Avalonbay Communities Inc.
PKG Packaging Corp. of America
DELL Dell Inc.
DVN Devon Energy Corporation
FST Forest Oil Corp.
ERIC LM Ericsson Telephone Co.
UTX United Technologies Corp.
CTXS Citrix Systems, Inc.
ADI Analog Devices Inc.
PHG Koninklijke Philips Electronics NV
BBL BHP Billiton plc
SYK Stryker Corp.
SI Siemens AG
VNR Vanguard Natural Resources, LLC
RRD R.R. Donnelley & Sons Company
TOT Total SA
