Bullish Breakout Trade on Vertiv
+15.18%current return
"We had Vertiv on the leaderboard watch list for a period of time as it set up. And we moved it from the watch list to the leaders list in the model portfolio today on this beautiful, you know, breakout from a cup with handle base. And what's nice about this cup with handle, it's almost like a handle to this larger base."
— Ed Carson
The analyst highlights Vertiv as a breakout candidate, noting it has moved from the watch list to the leaders list. The stock has formed a cup with handle base and has passed key technical levels, including the 5% buy zone and being significantly above the 50-day line. The suggestion is to monitor follow-through in the next day for further momentum.
High ConvictionScore: 8.0
Stock Idea •Stock Market Today With IBD • 23 days ago