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 | |
---|---|---|---|---|---|---|
BRKL | C | 10.47 | 1.75 | 1,165,018 | 2.04 | |
BDX | D | 234.63 | 1.31 | 2,217,962 | 1.63 | |
DOX | C | 87.29 | 1.19 | 832,101 | 1.52 | |
WLK | D | 146.00 | 2.03 | 669,951 | 1.50 | |
GILD | B | 83.90 | 0.01 | 8,797,161 | 1.47 | |
EQIX | C | 870.99 | 1.17 | 596,937 | 1.41 | |
PPBI | D | 25.97 | 4.26 | 822,063 | 1.40 | |
YUM | D | 131.09 | 0.38 | 2,606,524 | 1.38 | |
BOH | D | 65.99 | 1.76 | 439,126 | 1.37 | |
WES | D | 39.00 | -1.59 | 1,725,491 | 1.31 | |
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