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 17, 2012.
Ticker Company PATH NuPathe, Inc.
MAT Mattel Inc.
URBN Urban Outfitters Inc.
ELN Elan Corporation, plc
PIR Pier 1 Imports, Inc.
MDP Meredith Corp.
IO ION Geophysical Corporation
OWW Orbitz Worldwide, Inc.
PPG PPG Industries Inc.
FCF First Commonwealth Financial Corp.
TRX Tanzanian Royalty Exploration Corp.
LIFE Life Technologies Corporation
KFT Kraft Foods Inc.
AES The AES Corporation
RLJ RLJ Lodging Trust
CBG CBRE Group, Inc
WES Western Gas Partners LP
CAH Cardinal Health, Inc.
BYI Bally Technologies, Inc.
DOLE Dole Food Company Inc.
MTW Manitowoc Co. Inc.
BAC Bank of America Corporation
CBS CBS Corporation
SNPS Synopsys Inc.
BCE BCE, Inc.
PHG Koninklijke Philips Electronics NV
POL PolyOne Corporation
VIAB Viacom, Inc.
VR Validus Holdings, Ltd.
RYAAY Ryanair Holdings plc
AFG American Financial Group Inc.
LRN K12, Inc.
RHT Red Hat, Inc.
SHAW Shaw Group Inc.
ISIL Intersil Corporation
BGCP BGC Partners, Inc.
ANSS Ansys, Inc.
FDX FedEx Corporation
BAA Banro Corporation
MR Mindray Medical International Limited