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 | |
---|---|---|---|---|---|---|
MCK | C | 599.75 | -1.18 | 1,855,651 | 2.40 | |
CRM | C | 330.81 | -4.92 | 13,237,359 | 1.97 | |
DOCS | B | 58.26 | 0.21 | 3,175,095 | 1.73 | |
KLIC | F | 42.59 | -1.84 | 857,726 | 1.72 | |
YUMC | C | 49.65 | 9.07 | 3,284,878 | 1.57 | |
SMPL | D | 37.00 | 0.41 | 1,594,400 | 1.54 | |
NBIX | C | 150.51 | -0.46 | 1,287,957 | 1.33 | |
HST | F | 16.69 | 1.95 | 8,751,739 | 1.28 | |
TAP | F | 54.35 | 2.01 | 1,844,216 | 1.17 | |
ASND | F | 125.02 | -3.39 | 475,420 | 1.14 | |
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