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 17, 2012.
Ticker Company AUQ AuRico Gold Inc.
WSTL Westell Technologies Inc.
FNV Franco-Nevada Corporation
ISIL Intersil Corporation
TLM Talisman Energy Inc.
ICGE ICG Group, Inc.
MATW Matthews International Corporation
EIG Employers Holdings, Inc.
ATMI ATMI Inc.
UNS UniSource Energy Corporation
QEP QEP Resources, Inc.
SGEN Seattle Genetics Inc.
ABC AmerisourceBergen Corporation
BRS Bristow Group, Inc.
SYMM Symmetricom Inc.
GLW Corning Inc.
EDE Empire District Electric Co.
GOOG Google Inc.
TX Ternium S.A.
ADVS Advent Software, Inc.
TI Telecom Italia SpA
CAH Cardinal Health, Inc.
MG Mistras Group, Inc.
BGS B&G Foods Inc.
AB AllianceBernstein Holding L.P.
PNK Pinnacle Entertainment Inc.
CALL magicJack VocalTec Ltd.
SOHU Sohu.com Inc.
VSAT ViaSat Inc.
YHOO Yahoo! Inc.
VNDA Vanda Pharmaceuticals, Inc.
CVC Cablevision Systems Corporation
MTN Vail Resorts Inc.
OPEN OpenTable, Inc.
WTSLA Wet Seal Inc.
SIGA SIGA Technologies, Inc.
SSD Simpson Manufacturing Co., Inc.
CODE Spansion Inc.
OSG Overseas Shipholding Group Inc.
FST Forest Oil Corp.
FIO Fusion-io, Inc.
UAL United Continental Holdings, Inc.
