These stocks, Maxwell Technologies Inc, Standard Pacific Corp, Colfax Corporation, Pioneer Municipal High Income Advantage Trust, and BlackRock Municipal Income Trust II, have been showing double top patterns on March 24. The double top pattern is found at the highest point of an upward trend. This signals that the upward trend is weakening and that buyers are losing interest. The start of the pattern is a new high during the upward trend and after this peak it faces resistance and is sold off to a level of support. The price then moves back to the resistance level. This sequence happens again and when the stock reaches its support level it will fall below that point, thus starting a downtrend. 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 Maxwell Technologies Inc (MXWL) fell by 3.38% or $-0.62/share to $17.73. In the past year, the shares have traded as low as $13.78 and as high as $21.49. On average, 202840 shares of MXWL exchange hands on a given day and today's volume is recorded at 459743.
Shares of Standard Pacific Corp (SPF) fell by 2.43% or $-0.11/share to $4.41. In the past year, the shares have traded as low as $2.08 and as high as $4.85. On average, 3167440 shares of SPF exchange hands on a given day and today's volume is recorded at 4414484.
Shares of Colfax Corporation (CFX) traded higher by 0.69% or $0.23/share to $33.54. In the past year, the shares have traded as low as $17.90 and as high as $37.64. On average, 1167120 shares of CFX exchange hands on a given day and today's volume is recorded at 557942.
Shares of Pioneer Municipal High Income Advantage Trust (MAV) fell by 0.21% or $-0.03/share to $14.5. In the past year, the shares have traded as low as $11.38 and as high as $15.27. On average, 92150 shares of MAV exchange hands on a given day and today's volume is recorded at 53623.
Shares of BlackRock Municipal Income Trust II (BLE) fell by 1.18% or $-0.18/share to $15.01. In the past year, the shares have traded as low as $12.13 and as high as $16.00. On average, 49640 shares of BLE exchange hands on a given day and today's volume is recorded at 57568.
