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 July 12, 2012.
Ticker Company RHT Red Hat, Inc.
FDX FedEx Corporation
URBN Urban Outfitters Inc.
VIAB Viacom, Inc.
CVD Covance Inc.
IO ION Geophysical Corporation
RYAAY Ryanair Holdings plc
BGCP BGC Partners, Inc.
POL PolyOne Corporation
CBG CBRE Group, Inc
SNPS Synopsys Inc.
LIFE Life Technologies Corporation
KFT Kraft Foods Inc.
A Agilent Technologies Inc.
ANSS Ansys, Inc.
BCE BCE, Inc.
CAH Cardinal Health, Inc.
WSH Willis Group Holdings Public Limited Company
DOLE Dole Food Company Inc.
VR Validus Holdings, Ltd.
SHAW Shaw Group Inc.
AES The AES Corporation
MPW Medical Properties Trust Inc.
ISIL Intersil Corporation
FIRE Sourcefire, Inc.
PHG Koninklijke Philips Electronics NV
HAS Hasbro Inc.
PIR Pier 1 Imports, Inc.
LTXC LTX-Credence Corporation
ELN Elan Corporation, plc
