These stocks, Pioneer High Income Trust, Stonemor Partners LP, Amgen Inc, FMC Technologies, Inc, and Kearny Financial Corp, have been showing multiple top patterns on March 25. 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 Pioneer High Income Trust (PHT) fell by 1.50% or $-0.25/share to $16.39. In the past year, the shares have traded as low as $13.23 and as high as $17.80. On average, 100320 shares of PHT exchange hands on a given day and today's volume is recorded at 172994.
Shares of Stonemor Partners LP (STON) fell by 0.40% or $-0.10/share to $24.93. In the past year, the shares have traded as low as $20.10 and as high as $28.36. On average, 125930 shares of STON exchange hands on a given day and today's volume is recorded at 71932.
Shares of Amgen Inc (AMGN) traded higher by 0.06% or $0.04/share to $66.66. In the past year, the shares have traded as low as $47.40 and as high as $69.63. On average, 5602680 shares of AMGN exchange hands on a given day and today's volume is recorded at 3663482.
Shares of FMC Technologies, Inc (FTI) traded higher by 0.39% or $0.19/share to $48.45. In the past year, the shares have traded as low as $34.46 and as high as $55.19. On average, 2359700 shares of FTI exchange hands on a given day and today's volume is recorded at 3583569.
Shares of Kearny Financial Corp (KRNY) traded higher by 2.49% or $0.24/share to $9.89. In the past year, the shares have traded as low as $7.90 and as high as $10.26. On average, 19140 shares of KRNY exchange hands on a given day and today's volume is recorded at 21233.
