Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
PAR | C | 41.49 | -7.33 | 1,273,930 | 4.59 | |
DOX | F | 81.70 | -4.90 | 2,231,373 | 3.27 | |
MMS | C | 83.67 | -0.53 | 734,695 | 2.76 | |
TARS | D | 34.04 | -8.86 | 1,670,545 | 2.67 | |
TTD | B | 88.67 | 3.08 | 8,743,342 | 2.51 | |
STR | D | 23.67 | 2.42 | 1,334,604 | 2.29 | |
BSAC | D | 18.42 | 0.44 | 687,734 | 2.10 | |
AON | D | 287.58 | 1.33 | 2,354,930 | 2.01 | |
BRBR | C | 59.23 | 1.98 | 2,135,398 | 1.91 | |
STE | C | 225.99 | 7.57 | 926,048 | 1.79 | |
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