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 | |
---|---|---|---|---|---|---|
KEYS | D | 146.36 | -8.38 | 4,411,890 | 3.63 | |
IDYA | D | 41.00 | 1.69 | 1,505,818 | 2.24 | |
TPG | D | 43.41 | 0.46 | 1,346,712 | 2.04 | |
EFX | D | 238.05 | -5.42 | 1,784,974 | 2.01 | |
ACVA | B | 18.88 | 0.64 | 2,117,631 | 1.99 | |
CYBR | D | 245.84 | -1.55 | 731,063 | 1.60 | |
BMEZ | C | 15.41 | -0.64 | 396,628 | 1.54 | |
VMC | D | 262.18 | 0.76 | 944,488 | 1.35 | |
KVUE | D | 19.97 | 0.35 | 27,778,944 | 1.34 | |
BR | C | 199.97 | -0.21 | 551,524 | 1.29 | |
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