These stocks, Sonic Corp, National Fuel Gas Co, Walter Energy, Inc, Quad/Graphics, Inc, and National Western Life Insurance Company, 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 Sonic Corp (SONC) fell by 0.66% or $-0.05/share to $7.49. In the past year, the shares have traded as low as $6.35 and as high as $11.86. On average, 693690 shares of SONC exchange hands on a given day and today's volume is recorded at 546617.
Shares of National Fuel Gas Co (NFG) traded higher by 1.37% or $0.67/share to $49.44. In the past year, the shares have traded as low as $44.23 and as high as $75.00. On average, 654180 shares of NFG exchange hands on a given day and today's volume is recorded at 437021.
Shares of Walter Energy, Inc (WLT) traded higher by 3.40% or $2.06/share to $62.72. In the past year, the shares have traded as low as $53.22 and as high as $142.87. On average, 2735180 shares of WLT exchange hands on a given day and today's volume is recorded at 2810880.
Shares of Quad/Graphics, Inc (QUAD) traded higher by 1.50% or $0.21/share to $14.25. In the past year, the shares have traded as low as $11.03 and as high as $41.30. On average, 293850 shares of QUAD exchange hands on a given day and today's volume is recorded at 111676.
Shares of National Western Life Insurance Company (NWLI) traded higher by 0.75% or $1.03/share to $137.88. In the past year, the shares have traded as low as $129.82 and as high as $178.37. On average, 5160 shares of NWLI exchange hands on a given day and today's volume is recorded at 7708.
