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 | |
---|---|---|---|---|---|---|
OWL | A | 12.64 | 1.12 | 6,083,788 | 1.77 | |
AGI | B | 11.99 | -4.00 | 3,457,397 | 1.52 | |
SWX | C | 62.36 | 0.58 | 591,232 | 1.44 | |
AOS | D | 64.51 | -1.01 | 1,256,041 | 1.42 | |
STWD | B | 19.90 | -0.10 | 3,054,784 | 1.38 | |
STLA | A | 19.35 | 0.10 | 8,028,846 | 1.34 | |
IT | A | 356.26 | 2.02 | 527,782 | 1.33 | |
LOW | B | 210.49 | -0.06 | 2,940,104 | 1.32 | |
WGO | C | 59.58 | -0.58 | 501,753 | 1.31 | |
BN | C | 32.83 | -0.64 | 2,737,422 | 1.29 | |
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