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 | |
---|---|---|---|---|---|---|
IRT | B | 18.25 | -1.88 | 4,324,469 | 2.49 | |
VTR | D | 44.74 | -3.56 | 4,540,290 | 2.09 | |
PFLT | B | 10.95 | 0.37 | 642,354 | 1.94 | |
OI | D | 21.42 | -4.25 | 1,675,129 | 1.85 | |
AVNT | C | 39.80 | -1.83 | 664,137 | 1.72 | |
TMCI | C | 25.91 | -1.26 | 571,943 | 1.71 | |
PECO | C | 32.31 | -0.31 | 910,927 | 1.64 | |
FWONK | A | 75.38 | 3.89 | 1,163,853 | 1.60 | |
K | F | 66.57 | 0.29 | 3,121,699 | 1.53 | |
SITC | B | 13.21 | -0.60 | 2,440,997 | 1.45 | |
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