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 June 6, 2012.
Ticker Company DRWI DragonWave Inc.
TI Telecom Italia SpA
ATPG ATP Oil & Gas Corp.
PVA Penn Virginia Corporation
CLDX Celldex Therapeutics, Inc.
EME EMCOR Group Inc.
ADVS Advent Software, Inc.
OMER Omeros Corporation
IPHS Innophos Holdings Inc
ALTE Alterra Capital Holdings Limited
OFC Corporate Office Properties Trust
DENN Denny's Corporation
WPX WPX Energy, Inc.
GLW Corning Inc.
CSX CSX Corp.
WPP Wausau Paper Corp.
PH Parker Hannifin Corporation
AWI Armstrong World Industries, Inc.
ISIL Intersil Corporation
SLXP Salix Pharmaceuticals Ltd.
EXEL Exelixis, Inc.
GXP Great Plains Energy Incorporated
BRS Bristow Group, Inc.
GOOG Google Inc.
THRX Theravance Inc.
YHOO Yahoo! Inc.
ABC AmerisourceBergen Corporation
EIG Employers Holdings, Inc.
FSR Flagstone Reinsurance Holdings SA
CAH Cardinal Health, Inc.
CALX Calix Inc.
KSS Kohl's Corp.
OPK Opko Health, Inc.