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 19, 2012.
Ticker Company LGF Lions Gate Entertainment Corp.
OAK Oaktree Capital Group, LLC
SHLD Sears Holdings Corporation
JAZZ Jazz Pharmaceuticals plc
FISV Fiserv, Inc.
FNF Fidelity National Financial, Inc.
ARNA Arena Pharmaceuticals, Inc.
FDX FedEx Corporation
NMR Nomura Holdings, Inc.
ABV Companhia de Bebidas Das Americas (AMBEV)
AXP American Express Company
WDR Waddell & Reed Financial Inc.
RFMD RF Micro Devices Inc.
STT State Street Corp.
VNO Vornado Realty Trust
LM Legg Mason Inc.
MIPS MIPS Technologies Inc.
IRWD Ironwood Pharmaceuticals Inc.
