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 May 7, 2012.
Ticker Company SYRG Synergy Resources Corporation
CEDC Central European Distribution Corp.
MG Mistras Group, Inc.
SIGA SIGA Technologies, Inc.
TI Telecom Italia SpA
AB AllianceBernstein Holding L.P.
IRM Iron Mountain Inc.
QGEN Qiagen NV
ICGE ICG Group, Inc.
YHOO Yahoo! Inc.
QEP QEP Resources, Inc.
CODE Spansion Inc.
DLPH Delphi Automotive PLC
OPEN OpenTable, Inc.
MOS The Mosaic Company
VNDA Vanda Pharmaceuticals, Inc.
BRS Bristow Group, Inc.
AEC Associated Estates Realty Corp.
CAH Cardinal Health, Inc.
SO Southern Company
WSH Willis Group Holdings Public Limited Company
RDK Ruddick Corp.
WSTL Westell Technologies Inc.
UNS UniSource Energy Corporation
AGII Argo Group International Holdings, Ltd.
SSD Simpson Manufacturing Co., Inc.
ED Consolidated Edison Inc.
ENR Energizer Holdings Inc.
BHP BHP Billiton Ltd.
TLM Talisman Energy Inc.
CVC Cablevision Systems Corporation
PALL ETFS Physical Palladium Shares
GSOL Global Sources Ltd.
IRF International Rectifier Corporation
VSAT ViaSat Inc.
RAND Rand Capital Corporation
PNK Pinnacle Entertainment Inc.
ATMI ATMI Inc.
AAWW Atlas Air Worldwide Holdings Inc.
JNPR Juniper Networks, Inc.
OSG Overseas Shipholding Group Inc.
TESO Tesco Corporation
PWER Power-One Inc.
FIO Fusion-io, Inc.
