HaseebKhan_90

PAG broke out of a cup and handle pattern!

NYSE:PAG   Penske Automotive Group, Inc
* Strong earnings quarter over quarter
* Strong up trend
* Broke out of a 4 month consolidation
* During the consolidation it formed a cup and handle
* The handle consolidated for 6 weeks before price broke out with higher than average volume
* Pays out dividends with a Payout ratio of 14.50% which means the company has a tonne of room to grow and possibly increase dividends in the future.

Trade Idea:
* The price gaped up with more volume than average.
* This may consolidate above the $93.45 area so look for an entry around there

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