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 | |
---|---|---|---|---|---|---|
TIMB | D | 17.14 | -6.08 | 885,705 | 1.97 | |
MMS | C | 84.25 | 0.15 | 475,214 | 1.89 | |
SON | C | 58.13 | 1.79 | 774,017 | 1.72 | |
HI | D | 45.01 | 3.52 | 467,067 | 1.53 | |
TTD | B | 89.64 | -1.88 | 4,946,628 | 1.47 | |
OHI | B | 30.93 | -0.64 | 2,233,703 | 1.46 | |
BSAC | D | 18.31 | 0.33 | 458,740 | 1.45 | |
BFAM | C | 114.28 | -0.21 | 434,690 | 1.41 | |
AON | D | 288.35 | 1.01 | 1,541,408 | 1.39 | |
HALO | C | 41.21 | 0.86 | 1,281,207 | 1.38 | |
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