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 | |
---|---|---|---|---|---|---|
APD | F | 285.02 | -3.55 | 2,875,449 | 2.78 | |
FE | F | 39.13 | -3.61 | 6,980,754 | 2.12 | |
LEA | B | 141.12 | -2.59 | 1,073,600 | 2.12 | |
CBOE | D | 124.26 | 2.85 | 1,357,055 | 1.98 | |
ROP | D | 430.34 | -0.51 | 768,207 | 1.91 | |
ZBH | A | 129.45 | 1.60 | 2,770,526 | 1.91 | |
WRB | F | 66.87 | 0.42 | 2,088,234 | 1.83 | |
AEE | F | 85.30 | -1.65 | 2,301,132 | 1.78 | |
BDX | F | 245.84 | -1.06 | 2,117,947 | 1.78 | |
MRTN | A | 22.95 | 0.04 | 460,900 | 1.76 | |
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