These stocks, Global X Silver Miners ETF, Shanda Games Limited, LSB Industries Inc, UBS AG, and Icahn Enterprises, L.P, have been showing double bottom patterns on March 25. 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 Global X Silver Miners ETF (SIL) traded higher by 2.44% or $0.54/share to $22.67. In the past year, the shares have traded as low as $19.02 and as high as $31.29. On average, 193320 shares of SIL exchange hands on a given day and today's volume is recorded at 148808.
Shares of Shanda Games Limited (GAME) traded higher by 7.63% or $0.37/share to $5.22. In the past year, the shares have traded as low as $3.46 and as high as $7.70. On average, 423210 shares of GAME exchange hands on a given day and today's volume is recorded at 1242633.
Shares of LSB Industries Inc (LXU) traded higher by 5.40% or $2.02/share to $39.41. In the past year, the shares have traded as low as $24.85 and as high as $49.21. On average, 190750 shares of LXU exchange hands on a given day and today's volume is recorded at 206380.
Shares of UBS AG (UBS) traded higher by 0.64% or $0.09/share to $14.24. In the past year, the shares have traded as low as $10.41 and as high as $20.04. On average, 4213790 shares of UBS exchange hands on a given day and today's volume is recorded at 5151040.
Shares of Icahn Enterprises, L.P (IEP) remained unchanged at $43.0. In the past year, the shares have traded as low as $34.93 and as high as $46.62. On average, 14930 shares of IEP exchange hands on a given day and today's volume is recorded at 2200.
