Well, we all approach these things differently. Sort of strange, in 12 years, that's the first time I've heard of that chart pattern referred to as a 'cup with a handle'. But to each our own, and that's what makes trading the markets interesting. Differing views.
I like their balance sheet, although their earnings are a bit wild at the moment with a P/E at 52 (I generally don't get involved with a company unless their P/E is 11 to 16), although looking forward, analysts tend to thing they can perform with earnings. PEG is .91
Personally, with an earnings situation as it is, I would generally steer clear. But hey, look at GOOG. P/E's aren't everything.
I'm one who buys more on dips, so although I do see an ascending triangle forming, and yes, there would be a buy triggered at 48 on high volume? I'm more the type to buy right about now (if I was going to be buying), and then accumulate more at that break above 48.
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