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: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM BasingPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
FIS | ![]() |
129.19 | -1.34 | 11,761,496 | 3.23 | |
VTRS | ![]() |
17.31 | -5.92 | 44,993,158 | 3.03 | |
ATCO | ![]() |
11.60 | 3.57 | 1,697,912 | 2.17 | |
MA | ![]() |
326.93 | -5.60 | 7,886,245 | 2.15 | |
HTA | ![]() |
28.22 | -0.21 | 4,101,090 | 2.02 | |
GDOT | ![]() |
54.87 | -3.19 | 1,127,729 | 1.95 | |
ORCC | ![]() |
13.08 | 2.99 | 2,934,433 | 1.71 | |
CVBF | ![]() |
21.45 | 1.11 | 645,729 | 1.63 | |
VEEV | ![]() |
273.47 | -3.02 | 1,577,857 | 1.52 | |
NFG | ![]() |
44.00 | 0.14 | 664,494 | 1.51 | |
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