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

Posted by Gennady Kupershteyn on Mar 30, 2014 4:28:00 PM

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

From WorldWideMarkets Online Trading

(written by capitalistbull.com)

Trading Idea

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.

 

2014 03 30 LAD DBH

 

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