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Actionable news in KITE: KITE PHARMA Inc,

Four Stocks Ready for Breakouts — Check These Charts

Kite Pharma

Over the last two months, Kite Pharma (KITE) shares established a cup-and-handle formation with rim line resistance in the $52 area. It broke above pattern resistance on Monday last week, only to immediately pull back under it, after failing to hold above the September lows in the $54 area.

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The stock finished the Friday session just below the intersection of the 50- and 200-day moving averages and inside the confines of the pattern...