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 23, 2012.
Ticker Company PANL Universal Display Corp.
CAH Cardinal Health, Inc.
PHG Koninklijke Philips Electronics NV
GLW Corning Inc.
OI Owens-Illinois, Inc.
CENX Century Aluminum Co.
OFC Corporate Office Properties Trust
IRM Iron Mountain Inc.
ABC AmerisourceBergen Corporation
WSH Willis Group Holdings Public Limited Company
TIE Titanium Metals Corporation
BHP BHP Billiton Ltd.
VOLC Volcano Corporation
NVS Novartis AG
SI Siemens AG
TCB TCF Financial Corporation
GME GameStop Corp.
CJES C&J Energy Services, Inc.
KWK Quicksilver Resources Inc.
INFY Infosys Ltd.
BBY Best Buy Co. Inc.
VRA Vera Bradley, Inc.
BHI Baker Hughes Incorporated
SD SandRidge Energy, Inc.
