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DOMINO’S PIZZA INC (DPZ)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring Domino’s Pizza, Inc. listed on the New York Stock Exchange.

DOMINO’S PIZZA INC (DPZ)

Domino’s Pizza, Inc. is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 548.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 564.00 levels will confirm the breakout from the 5 month-long cup & handle continuation with the possible chart pattern price target of 633.00 levels. The handle can be identified as a rectangle.


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