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 16, 2012.
Ticker Company IO ION Geophysical Corporation
URBN Urban Outfitters Inc.
LIFE Life Technologies Corporation
SNPS Synopsys Inc.
ELN Elan Corporation, plc
KFT Kraft Foods Inc.
ISIL Intersil Corporation
PIR Pier 1 Imports, Inc.
FDX FedEx Corporation
A Agilent Technologies Inc.
BAC Bank of America Corporation
VIAB Viacom, Inc.
HAS Hasbro Inc.
AES The AES Corporation
CAH Cardinal Health, Inc.
MTW Manitowoc Co. Inc.
RHT Red Hat, Inc.
CBG CBRE Group, Inc