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 May 31, 2012.
Ticker Company BGS B&G Foods Inc.
CONN Conns Inc.
ORCL Oracle Corporation
GXP Great Plains Energy Incorporated
GLW Corning Inc.
EXEL Exelixis, Inc.
MTN Vail Resorts Inc.
PNK Pinnacle Entertainment Inc.
AGII Argo Group International Holdings, Ltd.
BWX SPDR Barclays Capital Intl Treasury Bond
CAH Cardinal Health, Inc.
DENN Denny's Corporation
OPK Opko Health, Inc.
ABC AmerisourceBergen Corporation
OFC Corporate Office Properties Trust
EIG Employers Holdings, Inc.
ALTE Alterra Capital Holdings Limited
SLXP Salix Pharmaceuticals Ltd.
MG Mistras Group, Inc.
BWLD Buffalo Wild Wings Inc.
WTSLA Wet Seal Inc.
YHOO Yahoo! Inc.
GBLI Global Indemnity plc
TI Telecom Italia SpA
WPP Wausau Paper Corp.
NWL Newell Rubbermaid Inc.
AER AerCap Holdings N.V.
JJC iPath DJ-UBS Copper TR Sub-Idx ETN
ADVS Advent Software, Inc.
CALX Calix Inc.
ISIL Intersil Corporation
ZOOM ZOOM Technologies, Inc.
AIXG Aixtron SE
GOOG Google Inc.
THRX Theravance Inc.
ATPG ATP Oil & Gas Corp.
BRS Bristow Group, Inc.
EXLP Exterran Partners, L.P.
ESSX Essex Rental Corp.
CEDC Central European Distribution Corp.
KSS Kohl's Corp.