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 January 4, 2012.
Ticker Company TTM Tata Motors Ltd.
ACAS American Capital, Ltd.
MSFT Microsoft Corporation
CJES C&J Energy Services, Inc.
BCS Barclays PLC
IRBT iRobot Corporation
BGC General Cable Corp.
NAV Navistar International Corporation
ESRX Express Scripts Inc.
MAR Marriott International, Inc.
UNH Unitedhealth Group, Inc.
MSM MSC Industrial Direct Co. Inc.
AXL American Axle & Manufacturing Holdings Inc.
TCK Teck Resources Limited
NXPI NXP Semiconductors NV
CCK Crown Holdings Inc.
BLC Belo Corp.
BWA BorgWarner Inc.
HBAN Huntington Bancshares Incorporated
JCI Johnson Controls Inc.
RCL Royal Caribbean Cruises Ltd.
HOG Harley-Davidson, Inc.
FCX Freeport-McMoRan Copper & Gold Inc.
TV Grupo Televisa, S.A.B.
WLP WellPoint Inc.
MET MetLife, Inc.
UTX United Technologies Corp.
HL Hecla Mining Co.
LHO LaSalle Hotel Properties
SYK Stryker Corp.
LRY Liberty Property Trust
HXL Hexcel Corp.
DELL Dell Inc.
BBT BB&T Corporation
EOG EOG Resources, Inc.
WWW Wolverine World Wide Inc.
LINTA Liberty Interactive, Inc.