Is $CPRX ready to break out of its cup and handle?

NASDAQ:CPRX   Catalyst Pharmaceuticals, Inc.
* Strong up trend
* Okay earnings track record
* Basing for the past ~8 weeks
* Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern
* Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand

Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 23.86
Relative Strength vs. SP500: 4.28
U/D Ratio: 1.21
Base Depth: 45.07%
Distance from breakout buy point: -18.82%
Volume 14.75% above its 15 day avg.

Trade Idea:
* You can enter now as the price is rising with higher than average volume off of its 50 EMA
* Another reason for entering would be that it printed a pocket pivot
* If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance


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