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 | |
---|---|---|---|---|---|---|
PPG | D | 130.90 | -3.12 | 4,643,208 | 2.68 | |
KMB | A | 126.83 | 0.97 | 4,795,641 | 2.25 | |
GBCI | B | 36.94 | 5.24 | 1,522,436 | 2.17 | |
TXN | D | 159.68 | -2.44 | 10,496,895 | 2.08 | |
TCBI | D | 58.68 | 4.82 | 829,891 | 1.92 | |
ENB | B | 34.86 | 2.83 | 10,628,081 | 1.86 | |
UL | F | 47.31 | 0.98 | 4,972,869 | 1.85 | |
OPCH | D | 31.08 | 0.58 | 2,029,765 | 1.69 | |
FR | D | 45.63 | -0.96 | 2,110,461 | 1.66 | |
CDP | D | 22.77 | 1.02 | 1,535,335 | 1.65 | |
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