These stocks, Thomson Reuters Corporation, Covance Inc, Cninsure Inc, Sohu.com Inc, and The Goldman Sachs Group, 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 Thomson Reuters Corporation (TRI) fell by 0.95% or $-0.27/share to $28.21. In the past year, the shares have traded as low as $24.98 and as high as $39.72. On average, 1310040 shares of TRI exchange hands on a given day and today's volume is recorded at 874734.
Shares of Covance Inc (CVD) traded higher by 0.04% or $0.02/share to $46.78. In the past year, the shares have traded as low as $42.02 and as high as $63.86. On average, 832500 shares of CVD exchange hands on a given day and today's volume is recorded at 314000.
Shares of Cninsure Inc (CISG) traded higher by 0.25% or $0.02/share to $6.07. In the past year, the shares have traded as low as $5.28 and as high as $17.68. On average, 225200 shares of CISG exchange hands on a given day and today's volume is recorded at 38814.
Shares of Sohu.com Inc (SOHU) traded higher by 0.23% or $0.12/share to $51.94. In the past year, the shares have traded as low as $45.40 and as high as $109.37. On average, 1549850 shares of SOHU exchange hands on a given day and today's volume is recorded at 515365.
Shares of The Goldman Sachs Group, Inc (GS) fell by 1.63% or $-1.96/share to $118.0. In the past year, the shares have traded as low as $83.69 and as high as $162.36. On average, 6700020 shares of GS exchange hands on a given day and today's volume is recorded at 6099627.
