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 March 14, 2012.
Ticker Company WSH Willis Group Holdings Public Limited Company
STT State Street Corp.
CI Cigna Corp.
CPN Calpine Corp.
GLW Corning Inc.
ABC AmerisourceBergen Corporation
TIBX TIBCO Software Inc.
ARGN Amerigon Inc.
IRM Iron Mountain Inc.
SI Siemens AG
FLO Flowers Foods, Inc.
G Genpact Ltd.
CY Cypress Semiconductor Corporation
CAH Cardinal Health, Inc.
TV Grupo Televisa, S.A.B.
TCB TCF Financial Corporation
NVS Novartis AG
ITC ITC Holdings Corp.
PANL Universal Display Corp.
BHI Baker Hughes Incorporated
ENOC EnerNOC, Inc.
GTE Gran Tierra Energy, Inc.
TIE Titanium Metals Corporation
RGLD Royal Gold, Inc.
CMVT Comverse Technology Inc.
CNX CONSOL Energy Inc.
PLX Protalix BioTherapeutics, Inc.
CENX Century Aluminum Co.
BHP BHP Billiton Ltd.
EXK Endeavour Silver Corp.
CTCM CTC Media, Inc
KOPN Kopin Corp.
RIC Richmont Mines Inc.
STRL Sterling Construction Co. Inc.