These stocks, Krispy Kreme Doughnuts, Inc, SPDR Dow Jones Intl Real Estate, DreamWorks Animation SKG Inc, Cadence Pharmaceuticals Inc, and Nordic American Tankers Limited, have been showing multiple bottom patterns on April 7. 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 Krispy Kreme Doughnuts, Inc (KKD) traded higher by 0.55% or $0.04/share to $7.31. In the past year, the shares have traded as low as $5.10 and as high as $10.08. On average, 627810 shares of KKD exchange hands on a given day and today's volume is recorded at 302682.
Shares of SPDR Dow Jones Intl Real Estate (RWX) fell by 0.36% or $-0.13/share to $36.03. In the past year, the shares have traded as low as $29.97 and as high as $40.11. On average, 512340 shares of RWX exchange hands on a given day and today's volume is recorded at 250929.
Shares of DreamWorks Animation SKG Inc (DWA) traded higher by 0.51% or $0.09/share to $17.91. In the past year, the shares have traded as low as $16.34 and as high as $28.03. On average, 843490 shares of DWA exchange hands on a given day and today's volume is recorded at 907056.
Shares of Cadence Pharmaceuticals Inc (CADX) traded higher by 0.85% or $0.03/share to $3.54. In the past year, the shares have traded as low as $3.41 and as high as $10.00. On average, 372930 shares of CADX exchange hands on a given day and today's volume is recorded at 260795.
Shares of Nordic American Tankers Limited (NAT) fell by 0.65% or $-0.10/share to $15.18. In the past year, the shares have traded as low as $11.11 and as high as $23.15. On average, 880760 shares of NAT exchange hands on a given day and today's volume is recorded at 262172.
