head-and-shoulder bottom

head-and-shoulder bottom definition - finance
A pattern in technical analysis that shows an even level of prices followed by either an upward or downward level of prices that soon returns to the original level. The pattern takes its name from the fact that the charted prices look like the head and shoulders of a person either upright or inverted.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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