These stocks, Georgia Gulf Corp, PNM Resources, Inc, Teradyne Inc, Randgold Resources Limited, and United Microelectronics Corporation, 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 Georgia Gulf Corp (GGC) fell by 1.02% or $-0.34/share to $32.85. In the past year, the shares have traded as low as $12.19 and as high as $40.59. On average, 909730 shares of GGC exchange hands on a given day and today's volume is recorded at 221827.
Shares of PNM Resources, Inc (PNM) fell by 0.65% or $-0.12/share to $18.22. In the past year, the shares have traded as low as $12.47 and as high as $18.95. On average, 520549 shares of PNM exchange hands on a given day and today's volume is recorded at 321921.
Shares of Teradyne Inc (TER) traded higher by 1.55% or $0.25/share to $16.42. In the past year, the shares have traded as low as $10.37 and as high as $18.68. On average, 3956770 shares of TER exchange hands on a given day and today's volume is recorded at 4111907.
Shares of Randgold Resources Limited (GOLD) traded higher by 0.16% or $0.13/share to $81.44. In the past year, the shares have traded as low as $73.10 and as high as $120.72. On average, 719740 shares of GOLD exchange hands on a given day and today's volume is recorded at 977404.
Shares of United Microelectronics Corporation (UMC) traded higher by 0.82% or $0.02/share to $2.46. In the past year, the shares have traded as low as $1.77 and as high as $2.77. On average, 3364390 shares of UMC exchange hands on a given day and today's volume is recorded at 2536484.
