The following stocks have formed an inverse head and shoulders pattern.This a major reversal pattern, the Head and Shoulders Bottom forms after a downtrend, and its completion marks a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width.

New Gold Inc. (NYSE:NGD) is currently trading at $11.08. NGD is trading 11.34% above its 50 day moving average and 9.35% above its 200 day moving average. NGD is -21.70% below its 52-week high and 55.40% above its 52-week low. NGD’s PE ratio is 26.38 and their market cap is $5.12B.

MannKind Corp. (NASDAQ:MNKD) is currently trading at $2.53. MNKD is trading 6.99% above its 50 day moving average and 5.17% above its 200 day moving average. MNKD is -35.95% below its 52-week high and 61.15% above its 52-week low.

MannKind Corporation is a biopharmaceutical company, which is focused on the discovery, development and commercialization of therapeutic products for diseases such as diabetes and cancer....