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 | |
---|---|---|---|---|---|---|
LEA | D | 125.87 | -8.28 | 2,140,875 | 3.86 | |
LOGI | D | 78.39 | -1.32 | 1,650,180 | 3.47 | |
SYY | C | 74.32 | -3.76 | 7,972,784 | 2.97 | |
QGEN | D | 42.33 | 0.07 | 2,705,630 | 2.75 | |
BSAC | D | 17.98 | -2.71 | 575,817 | 1.86 | |
EG | D | 366.41 | -0.73 | 549,538 | 1.78 | |
HXL | D | 64.21 | -1.86 | 1,715,832 | 1.71 | |
DLB | F | 77.66 | -2.15 | 514,413 | 1.70 | |
EIX | A | 71.06 | -0.38 | 3,091,410 | 1.63 | |
MCO | C | 370.33 | -1.15 | 1,116,115 | 1.58 | |
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