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Thursday, October 11, 2012

Stocks to Watch Bullish Wedge Pattern on October 12, 2012

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.

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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.

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