Pullback Buy in CLR
Monday's selloff is giving traders a second chance at the cup and handle breakout in CLR.
The company is seeing huge sales growth on healthy margins and the stock's relative strength is in the 97th percentile.
CLR has returned to its pivot buy point near the $41 mark.
Using the low of the handle as your stop loss, traders can risk less than 10% with a target move to the upside of around 22% (the depth of the cup).
The company is seeing huge sales growth on healthy margins and the stock's relative strength is in the 97th percentile.
CLR has returned to its pivot buy point near the $41 mark.
Using the low of the handle as your stop loss, traders can risk less than 10% with a target move to the upside of around 22% (the depth of the cup).
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