Sunday, March 30, 2014

Trading Idea: Lithia Motors (LAD) Double Bottom and Handle

Lithia Motors (LAD) has just about tripled since the end of 2011. The stock has spent the last six months building a double bottom base, and the last three weeks pulling back in lighter volume, forming a handle. A breakout above the handle high of $68.56, should launch the stock on another run into fifty two week highs. The consolidation is a late stage base, so traders should treat the stock as a trading position.



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