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 | |
---|---|---|---|---|---|---|
BKH | F | 64.43 | -9.28 | 2,825,330 | 7.74 | |
PAYC | C | 321.21 | -6.77 | 1,536,285 | 3.48 | |
SRC | A | 44.00 | 0.46 | 1,423,928 | 1.94 | |
MAS | A | 54.12 | -0.72 | 3,156,837 | 1.91 | |
LIN | A | 334.25 | -0.85 | 3,428,742 | 1.81 | |
MSFT | A | 266.73 | -0.31 | 54,454,538 | 1.78 | |
FMC | B | 128.47 | 1.86 | 1,226,324 | 1.69 | |
BOWL | B | 13.87 | -3.01 | 1,300,822 | 1.64 | |
OWL | A | 13.44 | 0.75 | 4,982,336 | 1.48 | |
RDN | B | 21.98 | -1.79 | 1,723,166 | 1.43 | |
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