These stocks, Sappi Limited, Covance Inc, Nordic American Tankers Limited, DreamWorks Animation SKG Inc, and Mountain Province Diamonds Inc, have been showing multiple bottom patterns on March 24. Multiple tops are a reverse chart pattern where a stock is in a downard trend and hits a resistance level several times. After hitting resistance levels, the stock reverses and continues on a upward trend. As the stock is in a downtrend and hits the resistance level, the stock heads back up forming a reverse swing top. As the upward trend loses steam, the stock heads back down again to the resistance level. This forms a bottom and when this happens more than 2 or 3 times its called a multiple bottom. Investors should pay attention to the resistance levels and should maybe consider buying at these levels.
Shares of Sappi Limited (SPP) traded higher by 1.75% or $0.06/share to $3.43. In the past year, the shares have traded as low as $2.59 and as high as $5.53. On average, 16300 shares of SPP exchange hands on a given day and today's volume is recorded at 5800.
Shares of Covance Inc (CVD) traded higher by 1.15% or $0.54/share to $47.5. In the past year, the shares have traded as low as $42.02 and as high as $63.86. On average, 838500 shares of CVD exchange hands on a given day and today's volume is recorded at 494098.
Shares of Nordic American Tankers Limited (NAT) traded higher by 0.68% or $0.10/share to $14.79. In the past year, the shares have traded as low as $11.11 and as high as $23.99. On average, 884790 shares of NAT exchange hands on a given day and today's volume is recorded at 468427.
Shares of DreamWorks Animation SKG Inc (DWA) fell by 0.91% or $-0.17/share to $18.41. In the past year, the shares have traded as low as $16.34 and as high as $28.36. On average, 846560 shares of DWA exchange hands on a given day and today's volume is recorded at 518253.
Shares of Mountain Province Diamonds Inc (MDM) traded higher by 1.34% or $0.06/share to $4.91. In the past year, the shares have traded as low as $3.48 and as high as $6.61. On average, 15970 shares of MDM exchange hands on a given day and today's volume is recorded at 12440.
