These stocks, Cyberonics Inc, American Tower Corporation, Pioneer High Income Trust, Applied Industrial Technologies, Inc, and Enbridge Energy Partners LP, have been showing multiple top patterns on April 7. 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 Cyberonics Inc (CYBX) fell by 0.57% or $-0.22/share to $38.08. In the past year, the shares have traded as low as $26.19 and as high as $39.58. On average, 220200 shares of CYBX exchange hands on a given day and today's volume is recorded at 76431.
Shares of American Tower Corporation (AMT) traded higher by 1.21% or $0.76/share to $63.41. In the past year, the shares have traded as low as $46.04 and as high as $64.55. On average, 2942320 shares of AMT exchange hands on a given day and today's volume is recorded at 2576972.
Shares of Pioneer High Income Trust (PHT) traded higher by 1.85% or $0.31/share to $17.06. In the past year, the shares have traded as low as $13.23 and as high as $17.80. On average, 99620 shares of PHT exchange hands on a given day and today's volume is recorded at 91722.
Shares of Applied Industrial Technologies, Inc (AIT) fell by 0.39% or $-0.16/share to $40.59. In the past year, the shares have traded as low as $24.05 and as high as $42.01. On average, 253290 shares of AIT exchange hands on a given day and today's volume is recorded at 151731.
Shares of Enbridge Energy Partners LP (EEP) traded higher by 0.71% or $0.22/share to $31.38. In the past year, the shares have traded as low as $23.82 and as high as $33.29. On average, 642070 shares of EEP exchange hands on a given day and today's volume is recorded at 420365.
