These stocks, Southwest Airlines Co, Masimo Corporation, UBS AG, Sequenom Inc, and Aluminum Corporation Of China Limited, have been showing double bottom patterns on March 24. The double bottom pattern is found at the lowest point of an downward trend. This signals that the downward trend is weakening and that buyers are gaining interest. The start of the pattern is a new low during the downward trend and after this point it finds support which stops the stock from falling further. Once it has found support, it rises to a new resistance level. This sequence happens again and when the stock reaches its support level it will rise to the resistance level again, thus starting an uptrend. The stock needs to break out from the support level so it can rise further. High volume will validate a breakout. Investors should pay specific attention to the support and resistance levels, which will help them determine when to buy or sell the stock.
Shares of Southwest Airlines Co (LUV) traded higher by 0.49% or $0.04/share to $8.23. In the past year, the shares have traded as low as $7.14 and as high as $12.85. On average, 6116020 shares of LUV exchange hands on a given day and today's volume is recorded at 6606665.
Shares of Masimo Corporation (MASI) traded higher by 0.87% or $0.19/share to $22.1. In the past year, the shares have traded as low as $17.62 and as high as $35.15. On average, 541440 shares of MASI exchange hands on a given day and today's volume is recorded at 370243.
Shares of UBS AG (UBS) traded higher by 0.64% or $0.09/share to $14.24. In the past year, the shares have traded as low as $10.41 and as high as $20.04. On average, 4213790 shares of UBS exchange hands on a given day and today's volume is recorded at 5151040.
Shares of Sequenom Inc (SQNM) traded higher by 0.76% or $0.03/share to $4.0. In the past year, the shares have traded as low as $3.57 and as high as $8.71. On average, 2833890 shares of SQNM exchange hands on a given day and today's volume is recorded at 1090289.
Shares of Aluminum Corporation Of China Limited (ACH) traded higher by 0.84% or $0.10/share to $12.07. In the past year, the shares have traded as low as $10.34 and as high as $24.84. On average, 291030 shares of ACH exchange hands on a given day and today's volume is recorded at 175602.
