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 | |
---|---|---|---|---|---|---|
JBI | D | 13.96 | -2.58 | 2,784,611 | 1.75 | |
DOCU | C | 54.69 | -6.51 | 2,331,950 | 1.58 | |
OTIS | B | 96.39 | 1.69 | 2,657,036 | 1.44 | |
LKQ | F | 41.92 | 0.77 | 2,253,154 | 1.26 | |
HES | D | 150.21 | 0.89 | 2,615,840 | 1.13 | |
CTRA | A | 27.76 | 1.13 | 6,311,949 | 1.08 | |
NSP | F | 93.98 | -1.59 | 255,296 | 0.97 | |
DE | F | 368.35 | 0.92 | 1,340,346 | 0.96 | |
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