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 | |
---|---|---|---|---|---|---|
FAST | B | 49.98 | -1.44 | 7,359,637 | 2.28 | |
PPL | C | 28.71 | -0.07 | 7,249,219 | 1.43 | |
PETQ | B | 37.45 | 3.25 | 363,841 | 1.41 | |
TAP | B | 51.74 | 2.21 | 3,343,123 | 1.34 | |
DUK | A | 98.50 | 0.88 | 3,612,372 | 1.32 | |
WRE | D | 22.73 | 0.58 | 521,524 | 1.31 | |
LAZ | B | 44.37 | -4.50 | 887,806 | 1.22 | |
PGR | B | 97.29 | 0.89 | 3,335,000 | 1.21 | |
ARE | B | 171.13 | 1.28 | 949,293 | 1.14 | |
NLOK | C | 21.54 | -2.97 | 5,622,969 | 1.12 | |
Sign Up to view the next 81 stocks. |
Mike's Notes
- CHWY: One of my fa...
- TWLO: Here's anoth...
- ABNB: An interesti...
- CGNT: Not a chart ...
- TDOC: One of sever...
From the Blog
Popular Now
Featured Articles
- Can you just follow your plan already?
- Rallies in downtrends aren’t times to jump back in
- What You Trade Is As Important As How You Trade
- Breakouts, Home Runs & Exponential Returns w/ Kristjan Kullamägi
- Tech Stock Indices: Do Bulls Have A Problem?
- Semi-automating Your Trading
- Recommended Stock Trading Books