These stocks, Randgold Resources Limited, Stonemor Partners LP, Quanta Services, Inc, Smart Balance, Inc, and Amgen Inc, have been showing multiple top patterns on March 24. 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 Randgold Resources Limited (GOLD) traded higher by 0.79% or $0.72/share to $91.32. In the past year, the shares have traded as low as $72.91 and as high as $120.73. On average, 597990 shares of GOLD exchange hands on a given day and today's volume is recorded at 3017443.
Shares of Stonemor Partners LP (STON) fell by 0.40% or $-0.10/share to $24.93. In the past year, the shares have traded as low as $20.10 and as high as $28.36. On average, 125930 shares of STON exchange hands on a given day and today's volume is recorded at 71932.
Shares of Quanta Services, Inc (PWR) traded higher by 0.75% or $0.16/share to $21.41. In the past year, the shares have traded as low as $15.37 and as high as $22.98. On average, 1315260 shares of PWR exchange hands on a given day and today's volume is recorded at 1091150.
Shares of Smart Balance, Inc (SMBL) traded higher by 0.99% or $0.06/share to $6.15. In the past year, the shares have traded as low as $4.18 and as high as $7.15. On average, 357650 shares of SMBL exchange hands on a given day and today's volume is recorded at 185633.
Shares of Amgen Inc (AMGN) traded higher by 0.06% or $0.04/share to $66.66. In the past year, the shares have traded as low as $47.40 and as high as $69.63. On average, 5602680 shares of AMGN exchange hands on a given day and today's volume is recorded at 3663482.
