These stocks, Legg Mason Inc, Quad/Graphics, Inc, RPC Inc, Sprint Nextel Corp, and Vanguard Health Systems 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 Legg Mason Inc (LM) fell by 1.40% or $-0.38/share to $26.85. In the past year, the shares have traded as low as $22.47 and as high as $37.37. On average, 1873220 shares of LM exchange hands on a given day and today's volume is recorded at 1965811.
Shares of Quad/Graphics, Inc (QUAD) fell by 0.38% or $-0.05/share to $13.23. In the past year, the shares have traded as low as $11.03 and as high as $40.92. On average, 290670 shares of QUAD exchange hands on a given day and today's volume is recorded at 329182.
Shares of RPC Inc (RES) fell by 0.79% or $-0.08/share to $10.06. In the past year, the shares have traded as low as $9.30 and as high as $18.99. On average, 2682520 shares of RES exchange hands on a given day and today's volume is recorded at 1439768.
Shares of Sprint Nextel Corp (S) traded higher by 0.36% or $0.01/share to $2.76. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 46915290 shares of S exchange hands on a given day and today's volume is recorded at 32990874.
Shares of Vanguard Health Systems Inc (VHS) fell by 0.42% or $-0.04/share to $9.49. In the past year, the shares have traded as low as $8.60 and as high as $18.58. On average, 125100 shares of VHS exchange hands on a given day and today's volume is recorded at 25825.
