These stocks, Zep, Inc, Sina Corp, and ICICI Bank Ltd, have been showing inverted head and shoulder patterns on March 25. The head and shoulders pattern resembles the upper part of a persons body. The seperating line between both shoulders is called the neckline. This pattern forms after a downtrend as opposed to a uptrend that can be seen in a normal head and shoulders pattern. Both shoulders are connected by a line called the neckline. Investors should look out for where the shoulders form and consider investing after the right shoulder as there is uptrend forming.
Shares of Zep, Inc (ZEP) traded higher by 1.92% or $0.28/share to $14.85. In the past year, the shares have traded as low as $12.03 and as high as $20.80. On average, 64360 shares of ZEP exchange hands on a given day and today's volume is recorded at 46415.
Shares of Sina Corp (SINA) fell by 1.60% or $-1.12/share to $69.03. In the past year, the shares have traded as low as $46.86 and as high as $147.12. On average, 5705100 shares of SINA exchange hands on a given day and today's volume is recorded at 3749589.
Shares of ICICI Bank Ltd (IBN) traded higher by 0.53% or $0.19/share to $35.81. In the past year, the shares have traded as low as $24.14 and as high as $50.82. On average, 2525610 shares of IBN exchange hands on a given day and today's volume is recorded at 1366519.
