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 4, 2012.
Ticker Company HOTT Hot Topic Inc.
FSLR First Solar, Inc.
RIG Transocean Ltd.
HWD Harry Winston Diamond Corporation
CAMP CalAmp Corp.
AXP American Express Company
IO ION Geophysical Corporation
STT State Street Corp.
VSI Vitamin Shoppe, Inc.
ABMD Abiomed Inc.
TGI Triumph Group, Inc.
POT Potash Corp. of Saskatchewan, Inc.
WCRX Warner Chilcott plc
LYV Live Nation Entertainment, Inc.
CHKP Check Point Software Technologies Ltd.
PLAB Photronics Inc.
CPN Calpine Corp.
LUV Southwest Airlines Co.
PWRD Perfect World Co., Ltd.
UPL Ultra Petroleum Corp.
BPL Buckeye Partners LP
