Technical Summary: Classic cup with handle pattern being presented on the 1 year chart. The stock has recently emerged from the “handle” but is by no means overextended so is buyable at this juncture. This cup with handle pattern has added strength on the basis that it has occured within a longer term uptrend for the stock. This is visible on both the 1 year and 5 year chart as the stock has made new highs. Ideally we would like to see an explosion to the upside on above average volume. This would indicate potential power in the next move. While there is a lot to like about this chart no pattern is 100% reliable and investors should consider an exit strategy if the stock does pull back. We would be looking to cut losses if the stock pulled back and broke the “handle” to the downside.