FOX Translator
No data currently available.
No data currently available.
TITLE
Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
Connell McShane
- Personalities
- Alexis Glick
- Neil Cavuto
- David Asman
- Cheryl Casone
- Dagen McDowell
- Liz Claman
- Adam Shapiro
- Ashley Webster
- Charles Payne
- Cody Willard
- Connell McShane
- Dave Ramsey
- Elizabeth MacDonald
- Eric Bolling
- Jeff Flock
- Jenna Lee
- Nicole Petallides
- Peter Barnes
- Rebecca Gomez
- Rich Edson
- Robert Gray
- Sandra Smith
- Shibani Joshi
- Stuart Varney
- Tom Sullivan
- Tracy Byrnes
- On Air
Connell McShane
Connell McShane joined FOX Business Network as a correspondent in September 2007.
Prior to joining FBN, McShane worked at Bloomberg Television where he served as a news reporter and an anchor working on Evening Edition, On the Markets and Marketweek. He also broadcasted live reports from both the New York Stock Exchange and NASDAQ. Before Bloomberg Television, McShane co-anchored the syndicated morning show The First Word on Bloomberg Radio.
During his career, McShane has covered the Iraq invasion, the capture of Saddam Hussein, the 2004 presidential election and the aftermath of the 9/11 terrorist attacks.
A graduate of Fordham University with a Bachelor of Arts degree in Communication and Media Studies, McShane was named a finalist in both the New York Metro Achievement in Radio Awards and the New York State Associated Press Broadcasters' Association.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
