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 25, 2012.
Ticker Company ABMD Abiomed Inc.
QDEL Quidel Corp.
PWRD Perfect World Co., Ltd.
MIPS MIPS Technologies Inc.
IO ION Geophysical Corporation
SATS EchoStar Corp.
LYV Live Nation Entertainment, Inc.
ABV Companhia de Bebidas Das Americas (AMBEV)
FDX FedEx Corporation
CMP Compass Minerals International Inc.
WR Westar Energy, Inc.
HIW Highwoods Properties Inc.
STT State Street Corp.
HSP Hospira Inc.
BPL Buckeye Partners LP
LUV Southwest Airlines Co.
EJ E-House (China) Holdings Limited
IRE The Governor and Company of The Bank of Ireland
VNO Vornado Realty Trust
USAT USA Technologies Inc.
