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 21, 2012.
Ticker Company ARNA Arena Pharmaceuticals, Inc.
ABMD Abiomed Inc.
JAZZ Jazz Pharmaceuticals plc
OAK Oaktree Capital Group, LLC
FNF Fidelity National Financial, Inc.
RFMD RF Micro Devices Inc.
HIW Highwoods Properties Inc.
MA Mastercard Incorporated
CMP Compass Minerals International Inc.
ABV Companhia de Bebidas Das Americas (AMBEV)
SHLD Sears Holdings Corporation
STT State Street Corp.
CNX CONSOL Energy Inc.
VNO Vornado Realty Trust
BPL Buckeye Partners LP
MIPS MIPS Technologies Inc.
TTEK Tetra Tech Inc.
IMAX IMAX Corporation
AXP American Express Company
FDX FedEx Corporation
LGF Lions Gate Entertainment Corp.
HOTT Hot Topic Inc.
IO ION Geophysical Corporation
