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 | |
---|---|---|---|---|---|---|
HMC | A | 36.43 | 1.03 | 2,260,610 | 2.22 | |
SON | C | 55.89 | -1.93 | 875,889 | 1.98 | |
AZTA | D | 58.18 | -2.23 | 758,228 | 1.80 | |
G | F | 33.26 | 0.42 | 2,596,260 | 1.74 | |
GLW | C | 32.33 | -0.55 | 6,913,396 | 1.42 | |
FLO | B | 22.78 | 0.35 | 1,612,751 | 1.36 | |
CXT | B | 60.62 | -0.21 | 484,142 | 1.36 | |
CMS | C | 58.30 | 0.83 | 3,269,101 | 1.35 | |
CPB | C | 43.32 | 1.43 | 3,572,704 | 1.26 | |
NXST | D | 159.45 | -2.45 | 502,092 | 1.24 | |
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