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 | |
---|---|---|---|---|---|---|
MSDL | B | 20.80 | -1.75 | 1,443,055 | 3.19 | |
CWEN | F | 25.28 | 2.64 | 1,639,416 | 2.11 | |
WMG | D | 30.05 | -0.60 | 3,440,455 | 2.11 | |
MKC | D | 74.76 | 2.08 | 3,567,794 | 1.93 | |
MOD | B | 140.00 | -1.88 | 1,208,852 | 1.83 | |
ALLY | C | 40.09 | 1.11 | 5,700,052 | 1.75 | |
SUN | B | 55.75 | 1.11 | 675,413 | 1.71 | |
GPK | D | 27.57 | -1.18 | 3,171,909 | 1.58 | |
WBS | C | 58.62 | -1.16 | 1,563,802 | 1.56 | |
PEB | C | 14.00 | -0.07 | 2,622,879 | 1.54 | |
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