Bullish pennants have been rare this past year, but three interesting ones have formed over the past two weeks. See the charts for Wythe (WYE), Geron (GERN), and CV Theraputics (CVTX) below. These are especially interesting due the way they entered this pattern. First, each was positively divergent from the overall market during the past three months. And second, they each gapped upward on high volume to begin their pennant. Should any of these breakout higher, look out for a strong continuation of the uptrend.

Comments: View Comments |  Sunday February 8, 2009