Double bottom

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Forbes  Jun 9  Comment 
While the importance of the “double bottom line” in today’s workforce is unmistakably present, it will likely only increase in the necessity for companies looking to recruit and retain top talent, including millennials.
Benzinga  Oct 18  Comment 
$47.39 - Intraday high as of 12:59 PM $47.22 - Monday high $47.10 - Current price as of 12:59 PM $44.45 - Monday close $44.41 - Intraday low as of 12:59 PM $44.31 - Monday low If content like this is useful to your trading/investing...
Benzinga  Oct 7  Comment 
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Benzinga  Oct 6  Comment 
$39.18 - Intraday high as of 1:50 PM $39.16 - Wednesday close $39.12 - Current price as of 1:50 PM $38.91 - Intraday low as of 1:50 PM $38.83 - Wednesday low If content like this is useful to your trading/investing...
Benzinga  Sep 23  Comment 
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Benzinga  Sep 12  Comment 
$41.08 - Friday high $40.82 - Intraday high as of 2:28 PM $40.79 - Current price as of 2:28 PM $39.68 - Friday low $39.55 - Thursday low If content like this is useful to your trading/investing strategy, please email...
Benzinga  Aug 3  Comment 
$40.91 - Tuesday high $40.45 - Intraday high as of 10:44 AM $40.23 - Current price as of 10:44 AM $39.51 - Tuesday close $39.26 - Tuesday low $39.19 - Intraday low as of 10:44 AM If content like this is useful to...
SeekingAlpha  Jul 25  Comment 
Forbes  Mar 16  Comment 
By Art Peck, Gap Inc. CEO & John B. King, U.S. Secretary of Education
Forbes  Feb 17  Comment 
The S&P 500 is also tracing out the right side of a bullish double bottom pattern. This happened after last Aug's steep sell off and the SPX jumped 13% in a few weeks. The market is oversold and sentiment still remains bearish so conditions are...




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Double bottom

Is a term in Technical Analysis that describes a charting pattern where the price of a stock drops, then rebounds, then drops to the same (or similar) level as the original drop before yet another rebound.

Double bottoms often accrue at turning points, they may be caused by floor traders executing stops. The first bottom of a W happens when buying stops the decline from selling. Many traders who buy near that bottom, put in an order to sell out, under the recent lowest low only if prices go lower. Before the floor traders take the prices to higher levels, they want to go down and clean out those stop-loss orders. They are orders to sell just below the recent lowest price. This is where traders want to buy. These stopped out traders will add more buying power when they buy back in, what they just sold out. This buying added to the floor traders buying will help thrust prices upwards.

Double (adj.) 13c, "double, two-fold; two-faced, deceitful [1]

Bottom Ground, soil, foundation, lowest part, piece of land, farm, to reach the bottom of" is from 1808. Bottom dollar "the last dollar one has" is from 1882. [2]

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