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 2, 2012.
Ticker Company ROG Rogers Corporation
SSD Simpson Manufacturing Co., Inc.
IRM Iron Mountain Inc.
QGEN Qiagen NV
IRF International Rectifier Corporation
MATW Matthews International Corporation
AEC Associated Estates Realty Corp.
ATMI ATMI Inc.
BRS Bristow Group, Inc.
PNK Pinnacle Entertainment Inc.
WSH Willis Group Holdings Public Limited Company
RDK Ruddick Corp.
BDX Becton, Dickinson and Company
CAH Cardinal Health, Inc.
BVN Compania de Minas Buenaventura SA
DLPH Delphi Automotive PLC
GLW Corning Inc.
AB AllianceBernstein Holding L.P.
SO Southern Company
MOS The Mosaic Company
ED Consolidated Edison Inc.
BHP BHP Billiton Ltd.
PANL Universal Display Corp.
UNS UniSource Energy Corporation
G Genpact Ltd.
JNPR Juniper Networks, Inc.
VHC VirnetX Holding Corp
TLM Talisman Energy Inc.
FIO Fusion-io, Inc.
QEP QEP Resources, Inc.
TI Telecom Italia SpA
RRC Range Resources Corporation
OPEN OpenTable, Inc.