These stocks, Putnam Municipal Opportunities Trust, Tesoro Logistics LP, PIMCO Municipal Income Fund III, BlackRock MuniEnhanced Fund, Inc, and SanDisk Corp, 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 Putnam Municipal Opportunities Trust (PMO) traded higher by 0.57% or $0.07/share to $12.27. In the past year, the shares have traded as low as $9.95 and as high as $12.69. On average, 114450 shares of PMO exchange hands on a given day and today's volume is recorded at 87196.
Shares of Tesoro Logistics LP (TLLP) traded higher by 0.06% or $0.02/share to $35.72. In the past year, the shares have traded as low as $20.57 and as high as $37.33. On average, 58800 shares of TLLP exchange hands on a given day and today's volume is recorded at 31316.
Shares of PIMCO Municipal Income Fund III (PMX) traded higher by 0.34% or $0.04/share to $11.83. In the past year, the shares have traded as low as $9.51 and as high as $12.32. On average, 108800 shares of PMX exchange hands on a given day and today's volume is recorded at 44339.
Shares of BlackRock MuniEnhanced Fund, Inc (MEN) traded higher by 0.09% or $0.01/share to $11.35. In the past year, the shares have traded as low as $9.03 and as high as $12.11. On average, 80420 shares of MEN exchange hands on a given day and today's volume is recorded at 54556.
Shares of SanDisk Corp (SNDK) fell by 2.95% or $-1.50/share to $49.4. In the past year, the shares have traded as low as $32.24 and as high as $53.46. On average, 5310460 shares of SNDK exchange hands on a given day and today's volume is recorded at 9427951.
