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 13, 2012.
Ticker Company SXC SunCoke Energy Inc.
HOG Harley-Davidson, Inc.
SHOO Steven Madden, Ltd.
BC Brunswick Corporation
AVB Avalonbay Communities Inc.
BCS Barclays PLC
EQR Equity Residential
CNK Cinemark Holdings Inc.
OMC Omnicom Group Inc.
KKR Kohlberg Kravis Roberts & Co.
CMVT Comverse Technology Inc.
MSFT Microsoft Corporation
WAL Western Alliance Bancorporation
WLP WellPoint Inc.
ACAS American Capital, Ltd.
PCL Plum Creek Timber Co. Inc.
HBAN Huntington Bancshares Incorporated
ADP Automatic Data Processing, Inc.
FE FirstEnergy Corp.
JCI Johnson Controls Inc.
SFI iStar Financial Inc.
VLY Valley National Bancorp
CPB Campbell Soup Co.
UNH Unitedhealth Group, Inc.
KT KT Corp.
DELL Dell Inc.
DVN Devon Energy Corporation
RGLD Royal Gold, Inc.
PNC PNC Financial Services Group Inc.
CJES C&J Energy Services, Inc.
HRS Harris Corp.
CVH Coventry Health Care Inc.
TIE Titanium Metals Corporation
