These stocks, Walter Energy, Inc, Covance Inc, SodaStream International Ltd, Nexen Inc, and The Goldman Sachs Group, Inc, have been showing multiple bottom patterns on March 25. 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 Walter Energy, Inc (WLT) traded higher by 3.40% or $2.06/share to $62.72. In the past year, the shares have traded as low as $53.22 and as high as $142.87. On average, 2735180 shares of WLT exchange hands on a given day and today's volume is recorded at 2810880.
Shares of Covance Inc (CVD) traded higher by 1.15% or $0.54/share to $47.5. In the past year, the shares have traded as low as $42.02 and as high as $63.86. On average, 838500 shares of CVD exchange hands on a given day and today's volume is recorded at 494098.
Shares of SodaStream International Ltd (SODA) traded higher by 0.03% or $0.01/share to $34.52. In the past year, the shares have traded as low as $27.60 and as high as $79.72. On average, 1504940 shares of SODA exchange hands on a given day and today's volume is recorded at 944379.
Shares of Nexen Inc (NXY) fell by 0.11% or $-0.02/share to $18.7. In the past year, the shares have traded as low as $13.59 and as high as $26.54. On average, 2333970 shares of NXY exchange hands on a given day and today's volume is recorded at 1980228.
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.
