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 8, 2012.
Ticker Company OSG Overseas Shipholding Group Inc.
QGEN Qiagen NV
BRS Bristow Group, Inc.
UAL United Continental Holdings, Inc.
ED Consolidated Edison Inc.
UNS UniSource Energy Corporation
CAH Cardinal Health, Inc.
TI Telecom Italia SpA
AAWW Atlas Air Worldwide Holdings Inc.
AEC Associated Estates Realty Corp.
IRF International Rectifier Corporation
YHOO Yahoo! Inc.
RDK Ruddick Corp.
QEP QEP Resources, Inc.
CODE Spansion Inc.
PNK Pinnacle Entertainment Inc.
TLM Talisman Energy Inc.
VSAT ViaSat Inc.
WSH Willis Group Holdings Public Limited Company
SSD Simpson Manufacturing Co., Inc.
OPEN OpenTable, Inc.
CVC Cablevision Systems Corporation
MOS The Mosaic Company
ENR Energizer Holdings Inc.
IRM Iron Mountain Inc.
ATMI ATMI Inc.
JNPR Juniper Networks, Inc.
BHP BHP Billiton Ltd.
DRIV Digital River Inc.
IRE The Governor and Company of The Bank of Ireland
FIO Fusion-io, Inc.
TESO Tesco Corporation
FNV Franco-Nevada Corporation
DLPH Delphi Automotive PLC
TX Ternium S.A.