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 October 1, 2012.
Ticker Company RIG Transocean Ltd.
UPL Ultra Petroleum Corp.
CNX CONSOL Energy Inc.
EJ E-House (China) Holdings Limited
CAMP CalAmp Corp.
ABV Companhia de Bebidas Das Americas (AMBEV)
BPL Buckeye Partners LP
LUV Southwest Airlines Co.
STT State Street Corp.
LYV Live Nation Entertainment, Inc.
ABMD Abiomed Inc.
FDX FedEx Corporation
WCRX Warner Chilcott plc
POST Post Holdings, Inc.
UHS Universal Health Services Inc.
ATHN athenahealth, Inc.
HSP Hospira Inc.
HIW Highwoods Properties Inc.
IO ION Geophysical Corporation
GMAN Gordmans Stores, Inc.
