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 11, 2012.
Ticker Company CNX CONSOL Energy Inc.
SJT San Juan Basin Royalty Trust
FSLR First Solar, Inc.
UPL Ultra Petroleum Corp.
IO ION Geophysical Corporation
RIG Transocean Ltd.
STT State Street Corp.
CMP Compass Minerals International Inc.
BMC BMC Software Inc.
AMCX AMC Networks Inc.
BPL Buckeye Partners LP
AXP American Express Company
JOEZ Joe's Jeans Inc.
CPN Calpine Corp.
A Agilent Technologies Inc.
WCRX Warner Chilcott plc
CHKP Check Point Software Technologies Ltd.
LUV Southwest Airlines Co.
CCC Calgon Carbon Corporation
ABMD Abiomed Inc.
LOGI Logitech International SA
PLAB Photronics Inc.
HTSI Harris Teeter Supermarkets, Inc.
