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 | |
---|---|---|---|---|---|---|
JBI | D | 13.69 | -1.93 | 3,984,828 | 2.56 | |
WRBY | B | 14.79 | 0.75 | 2,983,821 | 2.30 | |
DOX | F | 83.23 | 1.87 | 1,479,860 | 2.13 | |
EVRG | B | 55.42 | -0.54 | 4,709,031 | 2.09 | |
AON | D | 293.10 | 1.92 | 2,288,980 | 1.92 | |
MTUS | C | 22.52 | 9.16 | 554,876 | 1.91 | |
IVZ | C | 15.59 | 2.50 | 6,942,809 | 1.63 | |
NABL | D | 12.64 | -2.24 | 850,499 | 1.59 | |
ZIMV | C | 16.65 | -1.89 | 474,325 | 1.55 | |
STR | D | 23.41 | -1.10 | 888,008 | 1.52 | |
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