These stocks, Nuveen Premium Income Municipal Fund 4, Inc, Colfax Corporation, BlackRock MuniHoldings Insured Investment Fund, Standard Pacific Corp, and ProShares UltraShort DJ-UBS Commodity, 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 Premium Income Municipal Fund 4, Inc (NPT) fell by 0.38% or $-0.05/share to $13.13. In the past year, the shares have traded as low as $10.68 and as high as $13.88. On average, 89780 shares of NPT exchange hands on a given day and today's volume is recorded at 76556.
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 BlackRock MuniHoldings Insured Investment Fund (MFL) traded higher by 0.55% or $0.08/share to $14.5. In the past year, the shares have traded as low as $11.64 and as high as $15.29. On average, 112910 shares of MFL exchange hands on a given day and today's volume is recorded at 77379.
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 ProShares UltraShort DJ-UBS Commodity (CMD) fell by 2.24% or $-1.22/share to $53.26. In the past year, the shares have traded as low as $39.32 and as high as $61.65. On average, 3110 shares of CMD exchange hands on a given day and today's volume is recorded at 9926.
