SharkNinja (SN): Cup and handle

Question: What is your read on SN chart? Are we at a potential breakout point near 120-122? Thanks Steve

SharkNinja (SN) is building an early 2025 into early 2026 cup and handle pattern. A decisive breakout above the 121.81-123.00 to 128.51 area is the catalyst needed to confirm this bullish setup and suggest further upside to 151 (100% extension of the rally from the cup low (60.50) to the handle high (128.51) projected from the handle low (83.12)) and 183 (cup and handle pattern count). Rising 13-, 26-, and 40-week moving averages from 107 down to 101 reinforce the developing handle.

SN is improving and providing leadership from an October 2025 low relative to the S&P 500. Holding above the weekly moving averages vs. the S&P 500 would keep this bullish shift firmly in place for SN.

Chart 1: SharkNinja (SN) (top) and relative to the S&P 500 (bottom)