Piercing Line

Piercing Line Candlestick Patterns December 18 2015

WHAT IS A PIERCING LINE PATTERN?

The piercing line pattern is a two-bar candlestick pattern.The first day is a down day and on the second day the price gaps down to the lowest low that the stock price traded the day before. The price then rises throughout the second day and closes above the midpoint of the first day. This suggests that after a long downtrend, buyers have decided to come into the stock.

Jones Energy Inc (JONE) $3.53+0.24 (+7.29%)

Stock Price Quote as of Fri, Dec 18th, 2015
High 4.01 Low 3.20
12.59 52Wk High
(-71.96%)Since 02/09/15
3.20 52Wk Low
(+10.31%)Since 12/18/15
Open 3.25 Prev Close 3.29
Volume 1,179,800 Avg Volume 223,690
EPS 0.00 Div & Yield N/A
P/E Ratio 0.00 Market Cap $218.12 M
Weighted Alpha -74.40 Standard Dev +1.26

Pico Holdings Inc (PICO) $9.80+0.49 (+5.26%)

Stock Price Quote as of Fri, Dec 18th, 2015
High 9.85 Low 8.95
19.38 52Wk High
(-49.43%)Since 12/22/14
8.95 52Wk Low
(+9.50%)Since 12/18/15
Open 9.25 Prev Close 9.31
Volume 725,700 Avg Volume 154,465
EPS -3.28 Div & Yield N/A
P/E Ratio 0.00 Market Cap $225.60 M
Weighted Alpha -50.40 Standard Dev +1.85

Cheniere Energy Partners (CQP) $21.75+1.24 (+6.05%)

Stock Price Quote as of Fri, Dec 18th, 2015
High 21.79 Low 20.15
34.55 52Wk High
(-37.05%)Since 06/02/15
20.15 52Wk Low
(+7.94%)Since 12/18/15
Open 20.22 Prev Close 20.51
Volume 653,800 Avg Volume 345,050
EPS -0.41 Div & Yield $1.70 (8.29%)
P/E Ratio 0.00 Market Cap $7.35 B
Weighted Alpha -34.10 Standard Dev +1.63
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