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 January 5, 2012.
Ticker Company USG USG Corporation
PHM PulteGroup, Inc.
M Macy's, Inc.
COF Capital One Financial Corp.
TJX The TJX Companies, Inc.
EDR Education Realty Trust Inc.
AZPN Aspen Technology, Inc.
PRGO Perrigo Co.
AMT American Tower Corp.
DHI DR Horton Inc.
GXP Great Plains Energy Incorporated
CPWR Compuware Corporation
HCN Health Care REIT, Inc.
V Visa, Inc.
MDCO Medicines Co.
KLAC KLA-Tencor Corporation
CAKE The Cheesecake Factory Incorporated
TEVA Teva Pharmaceutical Industries Limited
CBS CBS Corporation
WU Western Union Co.
KMI Kinder Morgan, Inc.
NKE Nike Inc.
MRO Marathon Oil Corporation
BKD Brookdale Senior Living Inc.
ECL Ecolab Inc.
TSCO Tractor Supply Company
CEG Constellation Energy Group, Inc.
PPL PPL Corporation
PGR Progressive Corp.
