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 October 10, 2012.
Ticker Company ABMD Abiomed Inc.
FOLD Amicus Therapeutics, Inc.
FSLR First Solar, Inc.
BPL Buckeye Partners LP
CMP Compass Minerals International Inc.
HWD Harry Winston Diamond Corporation
LUV Southwest Airlines Co.
STT State Street Corp.
CPN Calpine Corp.
AXP American Express Company
CNX CONSOL Energy Inc.
RIG Transocean Ltd.
CHKP Check Point Software Technologies Ltd.
BMC BMC Software Inc.
AMCX AMC Networks Inc.
WCRX Warner Chilcott plc
IO ION Geophysical Corporation
UPL Ultra Petroleum Corp.
