Bullish Cup & Handle Formation. Accumulation pattern and breakout.
Bullish news circulating relating to iPhone6 - possible use of GTAT's Sapphire screen technology.
Previous breakout had a similar pattern prior to the breakout. See green boxes at the bottom.
So, even though GTAT is overbought, it can continue to make a move from here.
Risk is high due to 4% average daily ranges for GTAT (80 cents/day).
Upside to $24-$26, but risk is $2.40 from entry.
Tim 11:36AM EST 7/2/2014 20.13 last +0.87
Bullish news circulating relating to iPhone6 - possible use of GTAT's Sapphire screen technology.
Previous breakout had a similar pattern prior to the breakout. See green boxes at the bottom.
So, even though GTAT is overbought, it can continue to make a move from here.
Risk is high due to 4% average daily ranges for GTAT (80 cents/day).
Upside to $24-$26, but risk is $2.40 from entry.
Tim 11:36AM EST 7/2/2014 20.13 last +0.87
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