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 | |
---|---|---|---|---|---|---|
BTI | D | 29.25 | -0.51 | 12,524,758 | 2.37 | |
CUZ | B | 22.86 | -0.78 | 2,938,154 | 1.96 | |
FE | A | 38.13 | -1.14 | 5,476,310 | 1.91 | |
NNN | C | 40.76 | -0.66 | 2,445,284 | 1.78 | |
QGEN | D | 41.65 | 1.39 | 1,406,780 | 1.53 | |
WH | D | 73.79 | -2.08 | 1,165,875 | 1.52 | |
FLO | A | 24.62 | -1.08 | 1,668,679 | 1.43 | |
NOC | A | 480.45 | -1.56 | 1,371,921 | 1.43 | |
EIX | A | 70.14 | -1.39 | 2,624,967 | 1.41 | |
K | A | 57.73 | -1.23 | 4,319,268 | 1.39 | |
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