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.
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
AY | A | 22.15 | 0.09 | 4,077,313 | 4.09 | |
BJ | B | 85.70 | -0.73 | 2,964,197 | 2.35 | |
CPRT | B | 55.42 | -1.95 | 8,154,315 | 2.07 | |
HTGC | D | 18.82 | -1.36 | 1,696,419 | 1.98 | |
NTAP | C | 123.45 | 1.02 | 2,417,488 | 1.68 | |
CPA | A | 105.81 | -1.34 | 458,594 | 1.59 | |
KHC | F | 30.88 | 0.98 | 11,864,083 | 1.50 | |
FTV | C | 75.75 | 1.68 | 3,309,440 | 1.38 | |
CNH | C | 11.40 | 2.98 | 18,076,792 | 1.37 | |
PAA | B | 17.56 | 0.75 | 3,325,834 | 1.24 | |
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