Descending Wedges About to Snap

Posted on June 22, 2012 at 17:56 PM EDT

When a wedge breaks, it usually breaks out in the opposite direction of the wedge and signals a change in direction. These stocks have been moving lower within descending wedge formations, and are all right at the cusp of potentially breaking out.

Related Stocks:

Baker Hughes, Inc. GROUPON-A Patterson-UTI Energy, Inc. Southwestern Energy Co.

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