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 10, 2012.
Ticker Company ASEI American Science & Engineering Inc.
BCR CR Bard Inc.
GIII G-III Apparel Group, Ltd.
STE Steris Corp.
SVU SUPERVALU Inc.
ERIC LM Ericsson Telephone Co.
ANN ANN INC
NDAQ Nasdaq OMX Group Inc.
BCO Brinks Co.
RGLD Royal Gold, Inc.
GDOT Green Dot Corporation
SKS Saks Incorporated
AON Aon Corporation
UNM Unum Group
JNS Janus Capital Group, Inc.
SCS Steelcase Inc.
CIB Bancolombia S.A.
PEP Pepsico, Inc.
ITC ITC Holdings Corp.
COLM Columbia Sportswear Company
GAS AGL Resources Inc.
OPK Opko Health, Inc.
ADM Archer Daniels Midland Company
NG NovaGold Resources Inc.
CAH Cardinal Health, Inc.
RIC Richmont Mines Inc.
EBAY eBay Inc.
CTXS Citrix Systems, Inc.
JCOM j2 Global, Inc.
CTSH Cognizant Technology Solutions Corporation
PNK Pinnacle Entertainment Inc.
PKG Packaging Corp. of America
MSFT Microsoft Corporation
AXP American Express Company
HSNI HSN, Inc.
INFY Infosys Ltd.
WWW Wolverine World Wide Inc.