Cup with handle formation. Setting up for a strong move

The technical chart of FormFactor, Inc. (NASDAQ:FORM) is showing a bullish cup and handle chart pattern in the final stages, which indicates the stock could be in for a big rally. FORM just needs to clear the handle base. Additionally, the moving averages are supporting bullish trend with the 20 and 50 both over the 200-day moving average and sloping higher. ADX is also suggesting a steady upward movement and the accumul/distrib indicator still shows that somebody is buying up the stock. I'm still holding my longs and will add more shares on a move above $6.55, with the expectation of a continued rise to $7-7.5

On April, analysts at the Davidson initiated coverage on shares of $FORM with a BUY rating and $12 Price Target