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 20, 2012.
Ticker Company LIVE LiveDeal, Inc.
OPK Opko Health, Inc.
LGF Lions Gate Entertainment Corp.
EXEL Exelixis, Inc.
OSG Overseas Shipholding Group Inc.
MCRL Micrel Inc.
ISIL Intersil Corporation
SSW Seaspan Corp.
GLUU Glu Mobile, Inc.
CCL Carnival Corporation
KSS Kohl's Corp.
YHOO Yahoo! Inc.
FXEN FX Energy Inc.
LYV Live Nation Entertainment, Inc.
VOLC Volcano Corporation
NCMI National CineMedia, Inc.
WSH Willis Group Holdings Public Limited Company
COLM Columbia Sportswear Company
ABC AmerisourceBergen Corporation
ADVS Advent Software, Inc.
EIG Employers Holdings, Inc.
FSC Fifth Street Finance Corp.
BKU BankUnited, Inc.
CLDX Celldex Therapeutics, Inc.
NDSN Nordson Corporation
PRXL PAREXEL International Corporation
MR Mindray Medical International Limited
HAS Hasbro Inc.
BWC The Babcock & Wilcox Company
CSX CSX Corp.
CVD Covance Inc.
AWI Armstrong World Industries, Inc.
CAH Cardinal Health, Inc.
WLP WellPoint Inc.
FSR Flagstone Reinsurance Holdings SA
LRN K12, Inc.
PVA Penn Virginia Corporation
GAGA Le Gaga Holdings Ltd