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 September 18, 2012.
Ticker Company JAZZ Jazz Pharmaceuticals plc
IRWD Ironwood Pharmaceuticals Inc.
FNF Fidelity National Financial, Inc.
RFMD RF Micro Devices Inc.
NMR Nomura Holdings, Inc.
PNR Pentair, Inc.
LM Legg Mason Inc.
STT State Street Corp.
CMA Comerica Incorporated
AXP American Express Company
ABV Companhia de Bebidas Das Americas (AMBEV)
DRE Duke Realty Corp.
FDX FedEx Corporation
HOTT Hot Topic Inc.
MIPS MIPS Technologies Inc.
PII Polaris Industries, Inc.
