Tickeron detected bullish Stock Pattern: Cup-and-Handle on March 26, 2024

A.I.dvisor
at Tickeron.com
03/31/24
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Cup-and-Handle
CPK - Chesapeake Utilities
Emerged: 03/26/24
Confirmed: 03/27/24
Breakout: $105.49
Price: $106.49
Target price: $109.11
A.I.dvisor detected a bullish Cup-and-Handle pattern for CPK stock. This pattern was detected on March 26, 2024 and confirmed on March 27, 2024 . The odds of reaching the target price are 7. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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CPKDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a company which engages in the distribution, transmission and marketing of natural gas

Industry GasDistributors

Profile
Fundamentals
Details
Industry
Gas Distributors
Address
500 Energy Lane
Phone
+1 302 734-6799
Employees
1281
Web
https://www.chpk.com