These stocks, Guess' Inc, UBS AG, Human Genome Sciences Inc, Research In Motion Limited, and True Religion Apparel Inc, 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 Guess' Inc (GES) fell by 1.07% or $-0.33/share to $30.61. In the past year, the shares have traded as low as $25.65 and as high as $44.64. On average, 1560600 shares of GES exchange hands on a given day and today's volume is recorded at 1152951.
Shares of UBS AG (UBS) fell by 1.21% or $-0.16/share to $13.11. In the past year, the shares have traded as low as $10.41 and as high as $20.04. On average, 4315340 shares of UBS exchange hands on a given day and today's volume is recorded at 3893628.
Shares of Human Genome Sciences Inc (HGSI) traded higher by 0.51% or $0.04/share to $7.96. In the past year, the shares have traded as low as $6.51 and as high as $30.15. On average, 7972960 shares of HGSI exchange hands on a given day and today's volume is recorded at 2993390.
Shares of Research In Motion Limited (RIMM) fell by 0.71% or $-0.09/share to $12.67. In the past year, the shares have traded as low as $12.45 and as high as $57.33. On average, 21610770 shares of RIMM exchange hands on a given day and today's volume is recorded at 17836448.
Shares of True Religion Apparel Inc (TRLG) fell by 0.79% or $-0.21/share to $26.32. In the past year, the shares have traded as low as $23.51 and as high as $37.82. On average, 514720 shares of TRLG exchange hands on a given day and today's volume is recorded at 202715.
