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Finance Dictionary and Glossary of Investment Terms
double top
Definition 1.
A technical analysis term for two successive rises to the same price level. On a chart, this looks something like an M. The particular price level where the double top occurs is considered a resistance level for the stock, because technical analysts believe that the stock is having difficulty rising above that level. opposite of double bottom.
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Definition 2.
A term used in technical analysis to refer to the rise of a stock's price, a drop, and then a rise back to the same level as the original rise.
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Definition 3.
A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.
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Definition 4.
For technicians, the term used to describe what happens when a stock tests a given high level twice. This level is considered something of a ceiling. The graph of this phenomenon is vaguely like an M.
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