These stocks, Smart Balance, Inc, Quanta Services, Inc, BRF - Brasil Foods S.A, CMS Energy Corp, and ProShares Ultra 7-10 Year Treasury, have been showing multiple top patterns on March 25. 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 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 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 BRF - Brasil Foods S.A (BRFS) fell by 1.53% or $-0.31/share to $19.99. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1685410 shares of BRFS exchange hands on a given day and today's volume is recorded at 3069726.
Shares of CMS Energy Corp (CMS) traded higher by 0.41% or $0.09/share to $21.91. In the past year, the shares have traded as low as $16.60 and as high as $22.35. On average, 2593950 shares of CMS exchange hands on a given day and today's volume is recorded at 1819031.
Shares of ProShares Ultra 7-10 Year Treasury (UST) traded higher by 0.62% or $0.63/share to $102.17. In the past year, the shares have traded as low as $78.81 and as high as $109.84. On average, 46610 shares of UST exchange hands on a given day and today's volume is recorded at 500.
