Stock trading double bottom
In Top Growth Stocks, Mild Selling In A Double Bottom Is Also Good Zebra Tech (ZBRA), the inventory tracking technology company, also had two distinct lows in its March-to-early-May base in 2018. The double bottom is a major reversal STOCK pattern that forms after an extended downtrend. The pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. Evercore , formerly a member of the IBD 50, is one stock that climbed nicely — for a while — from a double bottom that formed from February to April in 2018.