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 May 1, 2012.
Ticker Company RRC Range Resources Corporation
QEP QEP Resources, Inc.
BHP BHP Billiton Ltd.
IRF International Rectifier Corporation
TI Telecom Italia SpA
AEC Associated Estates Realty Corp.
PNK Pinnacle Entertainment Inc.
BRS Bristow Group, Inc.
QGEN Qiagen NV
DLPH Delphi Automotive PLC
G Genpact Ltd.
SO Southern Company
CAH Cardinal Health, Inc.
TIF Tiffany & Co.
IRM Iron Mountain Inc.
ED Consolidated Edison Inc.
JNPR Juniper Networks, Inc.
UNS UniSource Energy Corporation
RDK Ruddick Corp.
ATMI ATMI Inc.
STAA STAAR Surgical Company
BVN Compania de Minas Buenaventura SA
GLW Corning Inc.
WSH Willis Group Holdings Public Limited Company
MATW Matthews International Corporation
AB AllianceBernstein Holding L.P.
SSD Simpson Manufacturing Co., Inc.
NILE Blue Nile Inc.
PANL Universal Display Corp.
ACO Amcol International Corp.
TLM Talisman Energy Inc.
AGX Argan, Inc.
VHC VirnetX Holding Corp
FIO Fusion-io, Inc.