These stocks, Hasbro Inc, Cementos Pacasmayo S.A.A. Ameri, Transmontaigne Partners L.P, GFI Group Inc, and KEMET Corp, 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 Hasbro Inc (HAS) traded higher by 1.25% or $0.45/share to $36.38. In the past year, the shares have traded as low as $30.85 and as high as $47.28. On average, 1847380 shares of HAS exchange hands on a given day and today's volume is recorded at 876412.
Shares of Cementos Pacasmayo S.A.A. Ameri (CPAC) traded higher by 0.44% or $0.05/share to $11.5. In the past year, the shares have traded as low as $11.26 and as high as $11.93. On average, 38360 shares of CPAC exchange hands on a given day and today's volume is recorded at 39801.
Shares of Transmontaigne Partners L.P (TLP) traded higher by 0.14% or $0.05/share to $34.94. In the past year, the shares have traded as low as $28.62 and as high as $35.73. On average, 29960 shares of TLP exchange hands on a given day and today's volume is recorded at 18251.
Shares of GFI Group Inc (GFIG) traded higher by 1.56% or $0.06/share to $3.9. In the past year, the shares have traded as low as $3.55 and as high as $5.06. On average, 272840 shares of GFIG exchange hands on a given day and today's volume is recorded at 559622.
Shares of KEMET Corp (KEM) traded higher by 0.11% or $0.01/share to $9.06. In the past year, the shares have traded as low as $6.40 and as high as $16.74. On average, 422630 shares of KEM exchange hands on a given day and today's volume is recorded at 543888.
