Reverse Head & Shoulders Pattern Worth A Gamble?

Gambling stocks ($DJUSCA) have been BY FAR the worst performing industry group within the consumer discretionary sector over the past year, dropping 27.72%.  There are only two other industry groups in this sector in negative territory - clothing & accessories ($DJUSCF) and recreational products ($DJUSRP) which have fallen 8.44% and 2.40%, respectively.  Gambling stocks have rebounded an astounding 29% in the past month as they set up in a potential reverse head & shoulders pattern.  While the return over the past month has been very strong, a breakout of this pattern would measure another 140 points, or roughly 25%.  To confirm the pattern, look for a heavy volume breakout to clear neckline resistance.  Here's the chart:

Happy trading!

Tom

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