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 | |
---|---|---|---|---|---|---|
ATO | A | 115.28 | 0.74 | 6,076,142 | 6.74 | |
BDXB | D | 48.16 | 1.39 | 2,728,034 | 6.52 | |
PRO | A | 30.32 | 3.48 | 1,165,247 | 4.55 | |
AOS | C | 63.94 | -4.12 | 4,781,946 | 4.38 | |
PTC | A | 134.40 | 1.29 | 3,011,229 | 4.34 | |
NTAP | B | 66.35 | -3.98 | 7,411,350 | 3.81 | |
FTV | B | 65.11 | -3.17 | 7,784,094 | 3.49 | |
KN | A | 17.98 | -0.61 | 2,176,347 | 3.39 | |
FORM | A | 31.29 | -1.11 | 1,175,593 | 3.26 | |
EQIX | A | 745.55 | 1.50 | 1,292,030 | 3.17 | |
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