These stocks, Thomson Reuters Corporation, Legg Mason Inc, Tejon Ranch Co, Nordic American Tankers Limited, and Telecom Italia SpA, have been showing multiple bottom patterns on March 25. 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 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 Legg Mason Inc (LM) traded higher by 0.92% or $0.26/share to $28.63. In the past year, the shares have traded as low as $22.47 and as high as $37.37. On average, 1804570 shares of LM exchange hands on a given day and today's volume is recorded at 902408.
Shares of Tejon Ranch Co (TRC) traded higher by 0.07% or $0.02/share to $29.77. In the past year, the shares have traded as low as $22.80 and as high as $37.70. On average, 77920 shares of TRC exchange hands on a given day and today's volume is recorded at 43832.
Shares of Nordic American Tankers Limited (NAT) traded higher by 0.68% or $0.10/share to $14.79. In the past year, the shares have traded as low as $11.11 and as high as $23.99. On average, 884790 shares of NAT exchange hands on a given day and today's volume is recorded at 468427.
Shares of Telecom Italia SpA (TI) fell by 0.17% or $-0.02/share to $12.03. In the past year, the shares have traded as low as $9.74 and as high as $15.20. On average, 368120 shares of TI exchange hands on a given day and today's volume is recorded at 186007.
