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
My Daily Trading Activities - Membership Link
Below these are the Bullish Wedge Pattern stocks on October 5, 2012.
Ticker Company LYV Live Nation Entertainment, Inc.
TGI Triumph Group, Inc.
EJ E-House (China) Holdings Limited
RTI RTI International Metals, Inc.
CPN Calpine Corp.
ENB Enbridge Inc.
PWRD Perfect World Co., Ltd.
AXP American Express Company
POT Potash Corp. of Saskatchewan, Inc.
CHKP Check Point Software Technologies Ltd.
POST Post Holdings, Inc.
CNX CONSOL Energy Inc.
PLAB Photronics Inc.
FOLD Amicus Therapeutics, Inc.
WCRX Warner Chilcott plc
ABMD Abiomed Inc.
BPL Buckeye Partners LP
STT State Street Corp.
UPL Ultra Petroleum Corp.
HWD Harry Winston Diamond Corporation
IO ION Geophysical Corporation
LUV Southwest Airlines Co.
BIRT Actuate Corporation
RIG Transocean Ltd.
VSI Vitamin Shoppe, Inc.
FSLR First Solar, Inc.
