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 | |
---|---|---|---|---|---|---|
AUB | C | 35.31 | -0.62 | 703,815 | 2.14 | |
PRGS | F | 53.31 | 1.29 | 1,198,952 | 1.87 | |
SCS | D | 13.08 | 1.63 | 1,366,071 | 1.74 | |
TU | F | 16.01 | 0.63 | 4,002,478 | 1.64 | |
FHI | C | 36.12 | 1.43 | 1,207,044 | 1.61 | |
LSTR | D | 192.76 | 2.91 | 392,560 | 1.47 | |
ALEX | F | 16.47 | 0.92 | 482,268 | 1.44 | |
PZZA | F | 66.60 | 0.51 | 1,060,151 | 1.41 | |
FPI | D | 11.10 | 1.83 | 492,735 | 1.41 | |
AIR | F | 59.87 | -0.52 | 414,102 | 1.35 | |
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