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.
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Below these are the Bullish Wedge Pattern stocks on February 6, 2012.
Ticker Company CTXS Citrix Systems, Inc.
SKS Saks Incorporated
ANN ANN INC
ERIC LM Ericsson Telephone Co.
MDC MDC Holdings Inc.
HES Hess Corporation
GME GameStop Corp.
NG NovaGold Resources Inc.
DB Deutsche Bank AG
NDAQ Nasdaq OMX Group Inc.
DVN Devon Energy Corporation
CAH Cardinal Health, Inc.
AXP American Express Company
MSFT Microsoft Corporation
BBVA Banco Bilbao Vizcaya Argentaria, S.A.
EBAY eBay Inc.
ADM Archer Daniels Midland Company
MAR Marriott International, Inc.
BID Sotheby's
JNS Janus Capital Group, Inc.
ENI Enersis S.A.
ADI Analog Devices Inc.
AON Aon Corporation
LLTC Linear Technology Corp.
GLW Corning Inc.
FST Forest Oil Corp.
INFY Infosys Ltd.
SYK Stryker Corp.
PGH Pengrowth Energy Corporation
TIE Titanium Metals Corporation
THC Tenet Healthcare Corp.
ANR Alpha Natural Resources, Inc.
LEG Leggett & Platt, Incorporated