These stocks, China Real Estate Information Corporation, Allied Nevada Gold Corp, Hasbro Inc, Southwest Airlines Co, and Global X Silver Miners ETF, have been showing double bottom patterns on April 7. 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 China Real Estate Information Corporation (CRIC) traded higher by 3.03% or $0.16/share to $5.44. In the past year, the shares have traded as low as $3.68 and as high as $8.81. On average, 53060 shares of CRIC exchange hands on a given day and today's volume is recorded at 151134.
Shares of Allied Nevada Gold Corp (ANV) fell by 1.92% or $-0.59/share to $30.18. In the past year, the shares have traded as low as $28.56 and as high as $45.90. On average, 712280 shares of ANV exchange hands on a given day and today's volume is recorded at 649598.
Shares of Hasbro Inc (HAS) traded higher by 0.14% or $0.05/share to $37.0. In the past year, the shares have traded as low as $30.85 and as high as $47.28. On average, 1822200 shares of HAS exchange hands on a given day and today's volume is recorded at 888132.
Shares of Southwest Airlines Co (LUV) fell by 0.84% or $-0.07/share to $8.31. In the past year, the shares have traded as low as $7.14 and as high as $12.46. On average, 6623130 shares of LUV exchange hands on a given day and today's volume is recorded at 5745959.
Shares of Global X Silver Miners ETF (SIL) fell by 0.85% or $-0.18/share to $21.09. In the past year, the shares have traded as low as $19.02 and as high as $31.29. On average, 181310 shares of SIL exchange hands on a given day and today's volume is recorded at 152560.
