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 9, 2012.
Ticker Company DRIV Digital River Inc.
CODE Spansion Inc.
FNV Franco-Nevada Corporation
ISIL Intersil Corporation
OPEN OpenTable, Inc.
JNPR Juniper Networks, Inc.
OSG Overseas Shipholding Group Inc.
DLPH Delphi Automotive PLC
UNS UniSource Energy Corporation
YHOO Yahoo! Inc.
FIO Fusion-io, Inc.
AEC Associated Estates Realty Corp.
TX Ternium S.A.
QEP QEP Resources, Inc.
ENR Energizer Holdings Inc.
PNK Pinnacle Entertainment Inc.
BHP BHP Billiton Ltd.
IRM Iron Mountain Inc.
QGEN Qiagen NV
UAL United Continental Holdings, Inc.
CAH Cardinal Health, Inc.
IRE The Governor and Company of The Bank of Ireland
MOS The Mosaic Company
TI Telecom Italia SpA
TLM Talisman Energy Inc.
CVC Cablevision Systems Corporation
IRF International Rectifier Corporation
