These stocks, Dr. Reddy's Laboratories Ltd, Nexen Inc, Global Power Equipment Group Inc, Thomson Reuters Corporation, and Infinity Pharmaceuticals, Inc, have been showing multiple bottom patterns on March 24. 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 Dr. Reddy's Laboratories Ltd (RDY) traded higher by 0.12% or $0.04/share to $32.78. In the past year, the shares have traded as low as $28.75 and as high as $39.09. On average, 195020 shares of RDY exchange hands on a given day and today's volume is recorded at 148567.
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 Global Power Equipment Group Inc (GLPW) traded higher by 0.25% or $0.07/share to $27.59. In the past year, the shares have traded as low as $20.89 and as high as $30.18. On average, 40640 shares of GLPW exchange hands on a given day and today's volume is recorded at 45330.
Shares of Thomson Reuters Corporation (TRI) remained unchanged at $29.63. In the past year, the shares have traded as low as $24.98 and as high as $39.72. On average, 1255790 shares of TRI exchange hands on a given day and today's volume is recorded at 1221524.
Shares of Infinity Pharmaceuticals, Inc (INFI) traded higher by 7.23% or $0.81/share to $12.02. In the past year, the shares have traded as low as $5.39 and as high as $11.27. On average, 156710 shares of INFI exchange hands on a given day and today's volume is recorded at 343398.
