These stocks, BRF - Brasil Foods S.A, Pioneer High Income Trust, Arch Capital Group Ltd, McDonald's Corp, and ProShares Ultra 7-10 Year Treasury, have been showing multiple top patterns on March 24. 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 BRF - Brasil Foods S.A (BRFS) fell by 1.53% or $-0.31/share to $19.99. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1685410 shares of BRFS exchange hands on a given day and today's volume is recorded at 3069726.
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 Arch Capital Group Ltd (ACGL) traded higher by 1.02% or $0.37/share to $36.5. In the past year, the shares have traded as low as $30.07 and as high as $38.60. On average, 615490 shares of ACGL exchange hands on a given day and today's volume is recorded at 307480.
Shares of McDonald's Corp (MCD) fell by 0.26% or $-0.25/share to $95.55. In the past year, the shares have traded as low as $71.58 and as high as $101.51. On average, 5445530 shares of MCD exchange hands on a given day and today's volume is recorded at 6034895.
Shares of ProShares Ultra 7-10 Year Treasury (UST) traded higher by 0.62% or $0.63/share to $102.17. In the past year, the shares have traded as low as $78.81 and as high as $109.84. On average, 46610 shares of UST exchange hands on a given day and today's volume is recorded at 500.
