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 July 10, 2012.
Ticker Company CLDX Celldex Therapeutics, Inc.
POL PolyOne Corporation
IO ION Geophysical Corporation
KFT Kraft Foods Inc.
LYB LyondellBasell Industries NV
A Agilent Technologies Inc.
RHT Red Hat, Inc.
URBN Urban Outfitters Inc.
CBG CBRE Group, Inc
CAH Cardinal Health, Inc.
PHG Koninklijke Philips Electronics NV
AES The AES Corporation
SNPS Synopsys Inc.
FDX FedEx Corporation
WSH Willis Group Holdings Public Limited Company
BCE BCE, Inc.
BGCP BGC Partners, Inc.
FSC Fifth Street Finance Corp.
ADBE Adobe Systems Inc.
MPW Medical Properties Trust Inc.
ANSS Ansys, Inc.
ISIL Intersil Corporation
OPK Opko Health, Inc.
CRI Carter's, Inc.
FIRE Sourcefire, Inc.
VIAB Viacom, Inc.
HAS Hasbro Inc.
OSG Overseas Shipholding Group Inc.
ELN Elan Corporation, plc
FCEL FuelCell Energy Inc.
TDC Teradata Corporation
BWLD Buffalo Wild Wings Inc.
BAA Banro Corporation