These stocks, FMC Technologies, Inc, Nuveen Insured Tax-Free Advantage Municipal Fund, BRF - Brasil Foods S.A, BlackRock Municipal 2020 Term Trust, and Time Warner Inc, 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 FMC Technologies, Inc (FTI) fell by 1.14% or $-0.56/share to $48.75. In the past year, the shares have traded as low as $34.46 and as high as $55.19. On average, 2501600 shares of FTI exchange hands on a given day and today's volume is recorded at 2488232.
Shares of Nuveen Insured Tax-Free Advantage Municipal Fund (NEA) traded higher by 1.38% or $0.20/share to $14.69. In the past year, the shares have traded as low as $12.32 and as high as $15.15. On average, 46900 shares of NEA exchange hands on a given day and today's volume is recorded at 61072.
Shares of BRF - Brasil Foods S.A (BRFS) fell by 1.12% or $-0.22/share to $19.45. In the past year, the shares have traded as low as $14.97 and as high as $21.70. On average, 1872240 shares of BRFS exchange hands on a given day and today's volume is recorded at 1026673.
Shares of BlackRock Municipal 2020 Term Trust (BKK) traded higher by 0.32% or $0.05/share to $15.89. In the past year, the shares have traded as low as $13.75 and as high as $16.23. On average, 35840 shares of BKK exchange hands on a given day and today's volume is recorded at 21641.
Shares of Time Warner Inc (TWX) fell by 0.73% or $-0.27/share to $36.65. In the past year, the shares have traded as low as $27.01 and as high as $38.97. On average, 7385660 shares of TWX exchange hands on a given day and today's volume is recorded at 5914417.
