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 16, 2012.
Ticker Company GOOG Google Inc.
SGEN Seattle Genetics Inc.
OPEN OpenTable, Inc.
SSD Simpson Manufacturing Co., Inc.
ABC AmerisourceBergen Corporation
SOHU Sohu.com Inc.
ADVS Advent Software, Inc.
VSAT ViaSat Inc.
UNS UniSource Energy Corporation
PNK Pinnacle Entertainment Inc.
WTSLA Wet Seal Inc.
MTN Vail Resorts Inc.
UAL United Continental Holdings, Inc.
SYMM Symmetricom Inc.
CAH Cardinal Health, Inc.
CODE Spansion Inc.
ISIL Intersil Corporation
EXLP Exterran Partners, L.P.
MATW Matthews International Corporation
YHOO Yahoo! Inc.
TI Telecom Italia SpA
TLM Talisman Energy Inc.
AB AllianceBernstein Holding L.P.
MOS The Mosaic Company
FNV Franco-Nevada Corporation
QEP QEP Resources, Inc.
EIG Employers Holdings, Inc.
BRS Bristow Group, Inc.
FIO Fusion-io, Inc.
TX Ternium S.A.
GLW Corning Inc.
BGS B&G Foods Inc.
BHP BHP Billiton Ltd.
OSG Overseas Shipholding Group Inc.
VNDA Vanda Pharmaceuticals, Inc.
CEDC Central European Distribution Corp.
CVC Cablevision Systems Corporation
SIGA SIGA Technologies, Inc.
CALL magicJack VocalTec Ltd.