These stocks, Legacy Reserves Lp, Randgold Resources Limited, Schweitzer-Mauduit International Inc, Enbridge Energy Partners LP, and Nuveen Insured Tax-Free Advantage Municipal Fund, 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 Legacy Reserves Lp (LGCY) traded higher by 0.38% or $0.11/share to $29.15. In the past year, the shares have traded as low as $21.20 and as high as $31.36. On average, 156980 shares of LGCY exchange hands on a given day and today's volume is recorded at 85871.
Shares of Randgold Resources Limited (GOLD) traded higher by 0.79% or $0.72/share to $91.32. In the past year, the shares have traded as low as $72.91 and as high as $120.73. On average, 597990 shares of GOLD exchange hands on a given day and today's volume is recorded at 3017443.
Shares of Schweitzer-Mauduit International Inc (SWM) traded higher by 0.95% or $0.66/share to $69.96. In the past year, the shares have traded as low as $46.28 and as high as $74.35. On average, 116100 shares of SWM exchange hands on a given day and today's volume is recorded at 89095.
Shares of Enbridge Energy Partners LP (EEP) fell by 0.29% or $-0.09/share to $31.05. In the past year, the shares have traded as low as $23.82 and as high as $33.29. On average, 671610 shares of EEP exchange hands on a given day and today's volume is recorded at 563890.
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.
