head-and-shoulders

head-and-shoulders

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head-and-shoulders
In technical analysis, a chart pattern indicating the rise and fall of a stock's price throughout a given period and characterized by a peak followed by a decline, a second peak that rises above the first peak followed by a decline, and finally a third rise to a level below the second peak followed by a decline. The first and third peaks are shoulders while the second peak is the pattern's head. Technical analysts generally consider a head-and-shoulders pattern to be a very bearish indicator if the second shoulder declines below a line connecting the bottom points of the two intermediate declines. An upside-down formation is said to be an inverted head-and-shoulders formation and is considered to be a bullish indicator. See also neckline, reversal pattern.
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In the former, the artist's cluttered, darkly comic works include meticulously painted reproductions of black-and-white head-and-shoulders photographs of himself wearing various exaggerated facial expressions, a serial approach to identity familiar from the contorted character heads of eighteenth-century German sculptor Franz Xaver Messerschmidt.