Low Risk Cup and Handle Entry on AVY

NYSE:AVY   Avery Dennison Corporation
AVY is completing a big cup and handle pattern. Earnings were up 77% last quarter and sales grew by 38%, so the growth is definitely there. The cup depth is only 13%, so my initial target would be around 260.00. But the risk is very low as well. We have a tight handle on the right side of the chart. If the current low holds, you could buy the breakout with just a 3% risk.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.