Business / Taxes / Double Bottom: Double bottom is term that technical analysts use to describe a stock price pattern that, when depicted on a chart, shows two drops to the same dollar amount separated by a rebound. For example, if a stock that had been trading about $28 a share dropped to $18, rebounded to trade about $22 for several weeks, and then dropped to $18 again, analysts would identify $18 as a double bottom. An analyst observing this pattern might conclude that investors were comfortable paying $18 for the stock, and that the price might not drop below that level in the near term. In technical terms, the analyst would say that there was support for the price. However, there’s no guarantee that it might not drop further or hit a new low.
Bottom Noun Synonyms: seat, buttocks, rear, behind, rear end, rump, posterior, hindquarters, breech, fundament, gluteus maximus, backside, butt, prat, bum , can, duff, keister or keester, hinie, arse, ass, tokus, tochis
Double Verb Synonyms: twofold, paired, coupled, duplicate(d), doubled
Double Adjective Synonyms: folded or doubled or bent over, overlapped, two-ply
Business / Finance / Double Taxation: Used for listed equity securities. Dividend roll in which the 'dividend capturer' already owns the stock cum dividend . MORE
Entertainment / Basketball / Double Team: When two players from the same team move up to guard one offensive player it's called a double team. When two players cover an offensive player in a corner it's also known as a 'trap'. MORE