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 September 20, 2012.
Ticker Company SURG Synergetics USA, Inc.
IRWD Ironwood Pharmaceuticals Inc.
MIPS MIPS Technologies Inc.
FNF Fidelity National Financial, Inc.
MA Mastercard Incorporated
ABV Companhia de Bebidas Das Americas (AMBEV)
WDR Waddell & Reed Financial Inc.
STT State Street Corp.
LGF Lions Gate Entertainment Corp.
IO ION Geophysical Corporation
AXP American Express Company
IMAX IMAX Corporation
JAZZ Jazz Pharmaceuticals plc
CNX CONSOL Energy Inc.
VNO Vornado Realty Trust
HIW Highwoods Properties Inc.
FDX FedEx Corporation
RFMD RF Micro Devices Inc.
ARNA Arena Pharmaceuticals, Inc.
SHLD Sears Holdings Corporation
