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 9, 2012.
Ticker Company FOLD Amicus Therapeutics, Inc.
CNX CONSOL Energy Inc.
MTRX Matrix Service Co.
RIG Transocean Ltd.
UPL Ultra Petroleum Corp.
WCRX Warner Chilcott plc
CPN Calpine Corp.
FSLR First Solar, Inc.
PLAB Photronics Inc.
BPL Buckeye Partners LP
AXP American Express Company
HWD Harry Winston Diamond Corporation
ENB Enbridge Inc.
IO ION Geophysical Corporation
STT State Street Corp.
ECL Ecolab Inc.
LUV Southwest Airlines Co.
CHKP Check Point Software Technologies Ltd.
ABMD Abiomed Inc.
LXRX Lexicon Pharmaceuticals, Inc.
PWRD Perfect World Co., Ltd.
