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 | |
---|---|---|---|---|---|---|
NOC | F | 450.77 | 0.95 | 2,867,156 | 2.86 | |
CTRA | B | 28.52 | 2.74 | 14,170,288 | 2.35 | |
ES | C | 59.23 | 2.88 | 4,679,565 | 2.28 | |
EXC | B | 37.55 | 2.23 | 12,030,142 | 2.04 | |
AEE | D | 73.37 | 2.60 | 3,160,448 | 1.95 | |
NJR | B | 43.46 | 2.62 | 840,258 | 1.93 | |
LKQ | F | 43.03 | 2.65 | 3,409,124 | 1.86 | |
DE | F | 374.76 | 1.74 | 2,331,748 | 1.66 | |
BG | B | 107.59 | 2.33 | 2,330,182 | 1.65 | |
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