These stocks, Hasbro Inc, China Real Estate Information Corporation, Centrais Electricas Brasileiras S.A, KB Financial Group, Inc, and Alcoa, Inc, have been showing double bottom patterns on March 25. 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 Hasbro Inc (HAS) traded higher by 1.25% or $0.45/share to $36.38. In the past year, the shares have traded as low as $30.85 and as high as $47.28. On average, 1847380 shares of HAS exchange hands on a given day and today's volume is recorded at 876412.
Shares of China Real Estate Information Corporation (CRIC) fell by 0.58% or $-0.03/share to $5.1. In the past year, the shares have traded as low as $3.68 and as high as $8.81. On average, 52450 shares of CRIC exchange hands on a given day and today's volume is recorded at 91660.
Shares of Centrais Electricas Brasileiras S.A (EBR) traded higher by 0.84% or $0.08/share to $9.6. In the past year, the shares have traded as low as $8.24 and as high as $15.66. On average, 727730 shares of EBR exchange hands on a given day and today's volume is recorded at 601325.
Shares of KB Financial Group, Inc (KB) fell by 0.47% or $-0.18/share to $38.16. In the past year, the shares have traded as low as $29.33 and as high as $53.99. On average, 177690 shares of KB exchange hands on a given day and today's volume is recorded at 88573.
Shares of Alcoa, Inc (AA) traded higher by 1.00% or $0.10/share to $10.11. In the past year, the shares have traded as low as $8.40 and as high as $18.30. On average, 26333090 shares of AA exchange hands on a given day and today's volume is recorded at 20015642.
