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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.
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Monday, June 23, 2008
DaVita Inc. Schedules 2nd Quarter 2008 Investor Conference Call
Comtex
EL SEGUNDO, Calif., Jun 23, 2008 (BUSINESS WIRE) ----DaVita Inc. (NYSE: DVA) announced today that it will hold its quarterly conference call to discuss second quarter results on Monday, August 4, 2008 at 5 PM Eastern. The Company plans to release its results after market on the same date. This call is also being webcast and can be accessed at the DaVita IR web page or over CCBN's Investor Distribution Network. You can join this call on:
Monday, August 4, 2008 Starting at 5 PM Eastern Dial in Number: 800-399-4406 Webcast: www.davita.com or www.fulldisclosure.com
When calling in, please refer to the DaVita Q2 2008 call and provide the operator with your name and company affiliation. Investors who are unable to listen to the DaVita earnings conference call will be able to access a replay via our web site at www.davita.com. There will be no telephone replay.
We appreciate your interest in DaVita.
SOURCE: DaVita Inc.
DaVita Inc. LeAnne Zumwalt, 650-696-8910
Copyright Business Wire 2008 ********************************************************************** As of Thursday, 06-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 03-27-2008 for DVA @ $47.43. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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