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 28, 2012.
Ticker Company WCRX Warner Chilcott plc
LYV Live Nation Entertainment, Inc.
UPL Ultra Petroleum Corp.
UHS Universal Health Services Inc.
IO ION Geophysical Corporation
STT State Street Corp.
VNO Vornado Realty Trust
HIW Highwoods Properties Inc.
ABV Companhia de Bebidas Das Americas (AMBEV)
RIG Transocean Ltd.
HSP Hospira Inc.
LUV Southwest Airlines Co.
FDX FedEx Corporation
POST Post Holdings, Inc.
CAMP CalAmp Corp.
ABMD Abiomed Inc.
EJ E-House (China) Holdings Limited
