Chemical Financial CHFC Cup w/Handle Base

Chemical Financial (CHFC) has formed a cup and handle base. Volume dried up as the stock sold off, spiked well above average up the right side, and has started to dry up in the handle area.

Chemical Financial is expected to accelerate sales growth over the next two years from 28% to 50%, and grow earnings at a modest 13%. Margins are at their highest level in over three years. The company has a dividend yield of 2.90%.NASDAQ:CHFC