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Stocks Forming Cup And Handle: Catch Them Early

|Includes:AKAM, Red Hat, Inc. (RHT)

Cup formation are potentially good trades when taken with the risk reward. Here we explore two such stocks which are in early stages of a cup formation. The least they should be on your watchscreen.

(click to enlarge)Click to enlargeRed Hat is forming a cup (early stage). Its a high risk trade but a long to 60 with a stop under 53 is a good trade.

Akamai Tech is much further in cup formation and nearing a breakout at 64. Watch the volumes if it does break 64 in which case it is a good long above 64 with stops under 62 for 68 as target.

Check it out

Stocks: RHT, AKAM