These stocks, The Goldman Sachs Group, Inc, Talisman Energy Inc, Grupo Prisa SA, Sohu.com Inc, and LM Ericsson Telephone Co, have been showing multiple bottom patterns on March 24. 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 The Goldman Sachs Group, Inc (GS) traded higher by 1.15% or $1.43/share to $126.18. In the past year, the shares have traded as low as $83.69 and as high as $162.37. On average, 6760520 shares of GS exchange hands on a given day and today's volume is recorded at 5150625.
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 Grupo Prisa SA (PRIS) fell by 1.37% or $-0.05/share to $3.59. In the past year, the shares have traded as low as $3.55 and as high as $13.11. On average, 23730 shares of PRIS exchange hands on a given day and today's volume is recorded at 65041.
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.
Shares of LM Ericsson Telephone Co (ERIC) traded higher by 0.91% or $0.09/share to $9.99. In the past year, the shares have traded as low as $8.58 and as high as $15.44. On average, 5232640 shares of ERIC exchange hands on a given day and today's volume is recorded at 5057264.
