These stocks, Sonic Corp, Talisman Energy Inc, SPDR Dow Jones Intl Real Estate, PowerShares Global Water, and Sohu.com Inc, have been showing multiple bottom patterns on March 25. 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 Talisman Energy Inc (TLM) traded higher by 2.18% or $0.28/share to $13.12. In the past year, the shares have traded as low as $10.64 and as high as $24.76. On average, 5309690 shares of TLM exchange hands on a given day and today's volume is recorded at 3008146.
Shares of SPDR Dow Jones Intl Real Estate (RWX) traded higher by 0.30% or $0.11/share to $36.39. In the past year, the shares have traded as low as $29.97 and as high as $40.11. On average, 520380 shares of RWX exchange hands on a given day and today's volume is recorded at 397615.
Shares of PowerShares Global Water (PIO) traded higher by 0.62% or $0.11/share to $17.76. In the past year, the shares have traded as low as $14.76 and as high as $21.19. On average, 65060 shares of PIO exchange hands on a given day and today's volume is recorded at 24481.
Shares of Sohu.com Inc (SOHU) traded higher by 0.22% or $0.12/share to $54.88. In the past year, the shares have traded as low as $45.40 and as high as $109.37. On average, 1495680 shares of SOHU exchange hands on a given day and today's volume is recorded at 665881.
