iBankCoin
Joined Jan 27, 2008
7,297 Blog Posts

SHLD: Cup & Handle

[[SHLD]] If the FED cuts rates, retails may get another push higher. Keep an eye on Sears, as it is displaying a bullish cup & handle pattern.

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3 comments

  1. Dinosaur Trader

    SHLD to $400.

    Seriously though, even though the IBD loves the cup and handle pattern, I don’t think they work much in bear markets…

    -DT

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  2. Dinosaur Trader

    Also, and not to be a dick, but the IBD also calls for a stock to be in a prior uptrend before a cup and handle forms. SHLD meanwhile, has lost 33% of it’s value since October.

    Plus, Cramer still likes it, no? That should throw up a red flag or two at this point.

    -DT

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  3. RaginCajun

    DT, this ain’t IBD. To me, the cup & handle presented in this picture, is bullish.

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