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Trading Glossary

Double top

A double top is a reversal pattern consisting of two price peaks: The market rallies to a new high, retraces, then rallies again to the approximate price level of the first peak and retraces again. The implication is that by failing to penetrate the first price peak, the market is hitting resistance and the up trend (especially if it has been an extended one) could reverse.

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As of 8 am ET
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Name	Symbol	PR
Western Refining Inc	WNR	8

Renal Care Group Inc	RCI	8

Rait Financial Trust	RAS	8

Penn Va Resource Partners Lp	PVR	8

Netflix Inc	NFLX	8

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