These stocks, Tejon Ranch Co, Nexen Inc, Sappi Limited, LM Ericsson Telephone Co, and Talisman Energy Inc, 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 Tejon Ranch Co (TRC) fell by 0.54% or $-0.16/share to $29.66. In the past year, the shares have traded as low as $22.80 and as high as $37.30. On average, 82400 shares of TRC exchange hands on a given day and today's volume is recorded at 54430.
Shares of Nexen Inc (NXY) traded higher by 0.85% or $0.15/share to $17.74. In the past year, the shares have traded as low as $13.59 and as high as $26.54. On average, 2429550 shares of NXY exchange hands on a given day and today's volume is recorded at 1802142.
Shares of Sappi Limited (SPP) traded higher by 1.40% or $0.05/share to $3.61. In the past year, the shares have traded as low as $2.59 and as high as $5.53. On average, 15840 shares of SPP exchange hands on a given day and today's volume is recorded at 2861.
Shares of LM Ericsson Telephone Co (ERIC) fell by 2.71% or $-0.27/share to $9.71. In the past year, the shares have traded as low as $8.58 and as high as $15.44. On average, 5300610 shares of ERIC exchange hands on a given day and today's volume is recorded at 5190580.
Shares of Talisman Energy Inc (TLM) traded higher by 0.95% or $0.12/share to $12.73. In the past year, the shares have traded as low as $10.64 and as high as $24.45. On average, 5434480 shares of TLM exchange hands on a given day and today's volume is recorded at 4642434.
