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 April 12, 2012.
Ticker Company CEDC Central European Distribution Corp.
FST Forest Oil Corp.
NWPX Northwest Pipe Co.
KOG Kodiak Oil & Gas Corp.
PQ PetroQuest Energy Inc.
CENX Century Aluminum Co.
SD SandRidge Energy, Inc.
NILE Blue Nile Inc.
KKR Kohlberg Kravis Roberts & Co.
WFT Weatherford International Ltd.
QEP QEP Resources, Inc.
BHP BHP Billiton Ltd.
PANL Universal Display Corp.
BHI Baker Hughes Incorporated
VOLC Volcano Corporation
IRF International Rectifier Corporation
BRS Bristow Group, Inc.
PHG Koninklijke Philips Electronics NV
KRA Kraton Performance Polymers Inc.
SWY Safeway Inc.
IEX IDEX Corporation
WTSLA Wet Seal Inc.
ALTR Altera Corp.
AINV Apollo Investment Corporation
BVN Compania de Minas Buenaventura SA
ACTG Acacia Research Corporation
BAS Basic Energy Services, Inc.
AAWW Atlas Air Worldwide Holdings Inc.
AEC Associated Estates Realty Corp.
TV Grupo Televisa, S.A.B.
G Genpact Ltd.
VC Visteon Corp.
JNPR Juniper Networks, Inc.
NYX NYSE Euronext, Inc.
AON Aon Corporation
NVS Novartis AG
AB AllianceBernstein Holding L.P.
HTSI Harris Teeter Supermarkets, Inc.
FLO Flowers Foods, Inc.
TIF Tiffany & Co.
DLPH Delphi Automotive PLC
SFUN SouFun Holdings Ltd.
GDOT Green Dot Corporation
KTOS Kratos Defense & Security Solutions, Inc.
KR The Kroger Co.
STAA STAAR Surgical Company
CRESY Cresud Sociedad An
OFG Oriental Financial Group Inc.
INFY Infosys Ltd.
PNK Pinnacle Entertainment Inc.
CAH Cardinal Health, Inc.
ENOC EnerNOC, Inc.
CVC Cablevision Systems Corporation
ERIC LM Ericsson Telephone Co.