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Sunday, March 25, 2012

Double Top Patterns Detected in Stocks: (NPX), (NIO), (NMZ), (RSE), (SPSC)

These stocks, Nuveen Insured Premium Income Municipal Fund 2, Nuveen Insured Municipal Opportunity Fund, Inc, Nuveen Municipal High Income Opportunity Fund, Rouse Properties, Inc, and SPS Commerce, Inc, have been showing double top patterns on March 25. 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 Nuveen Insured Premium Income Municipal Fund 2 (NPX) traded higher by 0.30% or $0.04/share to $13.5. In the past year, the shares have traded as low as $10.83 and as high as $14.17. On average, 85190 shares of NPX exchange hands on a given day and today's volume is recorded at 34878.

Shares of Nuveen Insured Municipal Opportunity Fund, Inc (NIO) fell by 0.62% or $-0.09/share to $14.41. In the past year, the shares have traded as low as $12.10 and as high as $15.15. On average, 189020 shares of NIO exchange hands on a given day and today's volume is recorded at 151030.

Shares of Nuveen Municipal High Income Opportunity Fund (NMZ) traded higher by 0.56% or $0.07/share to $12.64. In the past year, the shares have traded as low as $10.27 and as high as $13.03. On average, 75210 shares of NMZ exchange hands on a given day and today's volume is recorded at 50803.

Shares of Rouse Properties, Inc (RSE) fell by 0.49% or $-0.07/share to $14.11. In the past year, the shares have traded as low as $10.25 and as high as $15.00. On average, 528030 shares of RSE exchange hands on a given day and today's volume is recorded at 704467.

Shares of SPS Commerce, Inc (SPSC) traded higher by 0.91% or $0.24/share to $26.56. In the past year, the shares have traded as low as $13.65 and as high as $28.10. On average, 53330 shares of SPSC exchange hands on a given day and today's volume is recorded at 67113.