These stocks, Alcoa, Inc, LSB Industries Inc, Weight Watchers International, Inc, EGShares Emerging Markets Metals/Mining, and Foster Wheeler AG, 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 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.
Shares of LSB Industries Inc (LXU) traded higher by 5.40% or $2.02/share to $39.41. In the past year, the shares have traded as low as $24.85 and as high as $49.21. On average, 190750 shares of LXU exchange hands on a given day and today's volume is recorded at 206380.
Shares of Weight Watchers International, Inc (WTW) fell by 3.85% or $-3.16/share to $78.84. In the past year, the shares have traded as low as $50.97 and as high as $86.25. On average, 1578120 shares of WTW exchange hands on a given day and today's volume is recorded at 2754610.
Shares of EGShares Emerging Markets Metals/Mining (EMT) traded higher by 0.19% or $0.03/share to $16.19. In the past year, the shares have traded as low as $13.46 and as high as $22.79. On average, 7400 shares of EMT exchange hands on a given day and today's volume is recorded at 7815.
Shares of Foster Wheeler AG (FWLT) traded higher by 0.35% or $0.08/share to $22.71. In the past year, the shares have traded as low as $16.40 and as high as $38.74. On average, 1472240 shares of FWLT exchange hands on a given day and today's volume is recorded at 626616.
