Tickeron detected bullish Stock Pattern: Cup-and-Handle on March 11, 2024

A.I.dvisor
at Tickeron.com
03/12/24
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Cup-and-Handle
DIT - AMCON Distributing Co
Emerged: 03/11/24
Breakout: $202.44
Price: $195.99
Target price: $211.83
A.I.dvisor detected a bullish Cup-and-Handle pattern for DIT stock. This pattern was detected on March 11, 2024 . The odds of reaching the target price are 6. 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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General Information

a distributor of wholesale consumer products

Industry FoodDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
7405 Irvington Road
Phone
+1 402 331-3727
Employees
1476
Web
https://www.amcon.com