AnneTrader
Long

ENH cup and handle forming

NYSE:ENH   ENDURANCE SPECIALTY HLDGS LTD
ENH is not the best looking chart to trade right now but there's a textbook Cup and Handle forming on the weekly chart. Price just need to break the January high of $58.83 to confirm this chart pattern.

Normally a cup and handle is tradable on the breakout but this one has taken almost a year to form so it may be advisable to wait a little longer - rather than getting caught on a fakeout.

Volume is low on this stock , so price action is less predictable than would be expected for a more liquid stock . However, if it can break the resistance and 60 figure, a measured move could see ENH head towards $68.
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