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 | |
---|---|---|---|---|---|---|
PODD | C | 193.30 | 1.27 | 1,848,006 | 2.60 | |
BIIB | F | 211.17 | -7.15 | 2,206,650 | 2.20 | |
ATR | C | 146.66 | 3.65 | 562,787 | 2.20 | |
EME | D | 364.05 | 5.03 | 1,229,605 | 2.18 | |
KDP | C | 33.74 | 1.60 | 12,478,170 | 1.68 | |
WLK | D | 143.03 | 0.22 | 685,971 | 1.46 | |
ETN | D | 297.79 | 1.68 | 3,089,993 | 1.42 | |
SYK | D | 331.67 | 1.29 | 1,679,956 | 1.39 | |
FIX | D | 309.76 | 6.03 | 698,198 | 1.37 | |
WWD | B | 183.13 | 2.11 | 475,663 | 1.30 | |
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