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 | |
---|---|---|---|---|---|---|
SWK | F | 84.99 | -7.52 | 7,177,894 | 5.00 | |
WBS | F | 44.80 | 0.95 | 4,468,024 | 3.90 | |
JBGS | F | 14.96 | 3.39 | 3,006,569 | 2.91 | |
LAMR | A | 118.68 | 1.00 | 1,192,825 | 2.69 | |
ARES | A | 134.64 | 2.23 | 2,778,049 | 2.51 | |
ANSS | F | 314.53 | -2.16 | 1,060,287 | 2.47 | |
UTI | A | 15.41 | 0.78 | 1,224,100 | 2.46 | |
GFL | C | 33.44 | 4.96 | 2,857,866 | 2.43 | |
ZBH | F | 118.46 | -0.92 | 2,931,711 | 2.40 | |
MGA | F | 48.42 | 1.64 | 3,290,127 | 2.21 | |
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