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 August 28, 2012.
Ticker Company MBI MBIA Inc.
SKS Saks Incorporated
WDR Waddell & Reed Financial Inc.
GILD Gilead Sciences Inc.
DRE Duke Realty Corp.
IR Ingersoll-Rand Plc
TIBX TIBCO Software Inc.
AXP American Express Company
PIR Pier 1 Imports, Inc.
AEG AEGON N.V.
LGF Lions Gate Entertainment Corp.
RMD ResMed Inc.
FBHS Fortune Brands Home & Security, Inc.
LIFE Life Technologies Corporation
MAC Macerich Co.
STR Questar Corporation
RRD R.R. Donnelley & Sons Company
VNO Vornado Realty Trust
TITN Titan Machinery, Inc.
PSSI PSS World Medical Inc.
THC Tenet Healthcare Corp.
FDX FedEx Corporation
DE Deere & Company
GALE Galena Biopharma, Inc.
IMMU Immunomedics Inc.
