These stocks, Demand Media, Inc, CONSOL Energy Inc, Shanda Games Limited, Human Genome Sciences Inc, and DryShips, Inc, have been showing double bottom patterns on March 24. The double bottom pattern is found at the lowest point of an downward trend. This signals that the downward trend is weakening and that buyers are gaining interest. The start of the pattern is a new low during the downward trend and after this point it finds support which stops the stock from falling further. Once it has found support, it rises to a new resistance level. This sequence happens again and when the stock reaches its support level it will rise to the resistance level again, thus starting an uptrend. The stock needs to break out from the support level so it can rise further. High volume will validate a breakout. Investors should pay specific attention to the support and resistance levels, which will help them determine when to buy or sell the stock.
Shares of Demand Media, Inc (DMD) traded higher by 0.97% or $0.07/share to $7.27. In the past year, the shares have traded as low as $5.24 and as high as $27.38. On average, 337790 shares of DMD exchange hands on a given day and today's volume is recorded at 128150.
Shares of CONSOL Energy Inc (CNX) traded higher by 2.49% or $0.82/share to $33.76. In the past year, the shares have traded as low as $29.85 and as high as $55.59. On average, 4220750 shares of CNX exchange hands on a given day and today's volume is recorded at 5002313.
Shares of Shanda Games Limited (GAME) traded higher by 7.63% or $0.37/share to $5.22. In the past year, the shares have traded as low as $3.46 and as high as $7.70. On average, 423210 shares of GAME exchange hands on a given day and today's volume is recorded at 1242633.
Shares of Human Genome Sciences Inc (HGSI) traded higher by 3.63% or $0.27/share to $7.84. In the past year, the shares have traded as low as $6.51 and as high as $30.13. On average, 7804580 shares of HGSI exchange hands on a given day and today's volume is recorded at 3573715.
Shares of DryShips, Inc (DRYS) traded higher by 1.50% or $0.05/share to $3.38. In the past year, the shares have traded as low as $1.75 and as high as $5.12. On average, 9675650 shares of DRYS exchange hands on a given day and today's volume is recorded at 5063999.
