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 February 24, 2012.
Ticker Company SQI SciQuest, Inc.
ITG Investment Technology Group Inc.
BID Sotheby's
HSNI HSN, Inc.
CTXS Citrix Systems, Inc.
NDAQ Nasdaq OMX Group Inc.
LEG Leggett & Platt, Incorporated
AXP American Express Company
GLW Corning Inc.
CAH Cardinal Health, Inc.
ENI Enersis S.A.
CPN Calpine Corp.
ABC AmerisourceBergen Corporation
TV Grupo Televisa, S.A.B.
PHG Koninklijke Philips Electronics NV
MSFT Microsoft Corporation
TIE Titanium Metals Corporation
CY Cypress Semiconductor Corporation
INFY Infosys Ltd.
WSH Willis Group Holdings Public Limited Company
UNM Unum Group
ITC ITC Holdings Corp.
EXK Endeavour Silver Corp.
AEC Associated Estates Realty Corp.
GTE Gran Tierra Energy, Inc.
ANN ANN INC
LEAP Leap Wireless International Inc.
AON Aon Corporation
NG NovaGold Resources Inc.
GME GameStop Corp.
CENX Century Aluminum Co.
CDE Coeur d'Alene Mines Corporation