These stocks, Nuveen Insured Tax-Free Advantage Municipal Fund, CMS Energy Corp, PNM Resources, Inc, iShares Barclays 7-10 Year Treasury, and Infinera Corporation, have been showing multiple top patterns on March 24. Multiple tops are a reverse chart pattern where a stock is in a uptrend and hits a resistance level several times.After hitting resistance levels, the stock reverses and continues on a downward trend. As the stock is in a uptrend and hits the resistance level, the stock heads back down forming a swing top. As the downward trend loses steam, the stock heads back up again to the resistance level. This forms a top and when this happens more than 2 or 3 times its called a multiple top. Investors should pay attention to the resistance levels and should maybe consider shorting at these levels.
Shares of Nuveen Insured Tax-Free Advantage Municipal Fund (NEA) fell by 0.76% or $-0.11/share to $14.36. In the past year, the shares have traded as low as $12.29 and as high as $15.15. On average, 47300 shares of NEA exchange hands on a given day and today's volume is recorded at 39363.
Shares of CMS Energy Corp (CMS) traded higher by 0.41% or $0.09/share to $21.91. In the past year, the shares have traded as low as $16.60 and as high as $22.35. On average, 2593950 shares of CMS exchange hands on a given day and today's volume is recorded at 1819031.
Shares of PNM Resources, Inc (PNM) traded higher by 0.99% or $0.18/share to $18.4. In the past year, the shares have traded as low as $12.57 and as high as $19.03. On average, 512409 shares of PNM exchange hands on a given day and today's volume is recorded at 433632.
Shares of iShares Barclays 7-10 Year Treasury (IEF) traded higher by 0.37% or $0.38/share to $103.09. In the past year, the shares have traded as low as $89.82 and as high as $106.13. On average, 932390 shares of IEF exchange hands on a given day and today's volume is recorded at 396018.
Shares of Infinera Corporation (INFN) fell by 1.42% or $-0.11/share to $7.63. In the past year, the shares have traded as low as $5.91 and as high as $8.97. On average, 935890 shares of INFN exchange hands on a given day and today's volume is recorded at 628835.
