marketedge's  Instablog

Send Message
  • Stocks Forming Cup And Handle: Catch Them Early 0 comments
    Jun 25, 2014 10:24 AM | about stocks: RHT, AKAM

    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)Red 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
Back To marketedge's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.