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 April 16, 2012.
Ticker Company CSIQ Canadian Solar Inc.
QTM Quantum Corporation
WTSLA Wet Seal Inc.
IEX IDEX Corporation
NVS Novartis AG
TV Grupo Televisa, S.A.B.
PHG Koninklijke Philips Electronics NV
CVC Cablevision Systems Corporation
SO Southern Company
CENX Century Aluminum Co.
ED Consolidated Edison Inc.
ERIC LM Ericsson Telephone Co.
HRL Hormel Foods Corp.
BHP BHP Billiton Ltd.
DLPH Delphi Automotive PLC
TIF Tiffany & Co.
G Genpact Ltd.
ALTR Altera Corp.
VOLC Volcano Corporation
AINV Apollo Investment Corporation
CAH Cardinal Health, Inc.
QEP QEP Resources, Inc.
CLF Cliffs Natural Resources Inc.
BVN Compania de Minas Buenaventura SA
IRM Iron Mountain Inc.
BHI Baker Hughes Incorporated
STP Suntech Power Holdings Co. Ltd.
VGZ Vista Gold Corp.
PQ PetroQuest Energy Inc.
PANL Universal Display Corp.
JNPR Juniper Networks, Inc.
URRE Uranium Resources, Inc.
BAS Basic Energy Services, Inc.
WFT Weatherford International Ltd.
INFY Infosys Ltd.
KOG Kodiak Oil & Gas Corp.
IVAN Ivanhoe Energy Inc.
CEDC Central European Distribution Corp.
