These stocks, PNM Resources, Inc, Arch Capital Group Ltd, iShares Barclays 7-10 Year Treasury, McDonald's Corp, and Infinera Corporation, 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 PNM Resources, Inc (PNM) traded higher by 0.99% or $0.18/share to $18.4. In the past year, the shares have traded as low as $12.57 and as high as $19.03. On average, 512409 shares of PNM exchange hands on a given day and today's volume is recorded at 433632.
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 iShares Barclays 7-10 Year Treasury (IEF) traded higher by 0.37% or $0.38/share to $103.09. In the past year, the shares have traded as low as $89.82 and as high as $106.13. On average, 932390 shares of IEF exchange hands on a given day and today's volume is recorded at 396018.
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 Infinera Corporation (INFN) fell by 1.42% or $-0.11/share to $7.63. In the past year, the shares have traded as low as $5.91 and as high as $8.97. On average, 935890 shares of INFN exchange hands on a given day and today's volume is recorded at 628835.
