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 | |
---|---|---|---|---|---|---|
MRO | B | 28.55 | -1.28 | 36,027,438 | 5.79 | |
WMG | D | 31.18 | -7.40 | 7,891,801 | 5.29 | |
CPA | D | 92.76 | -12.33 | 1,410,645 | 4.55 | |
NAVI | F | 14.93 | 1.01 | 2,097,805 | 3.19 | |
NTAP | C | 126.68 | 2.62 | 4,456,454 | 2.98 | |
CPRT | B | 56.90 | 2.67 | 8,401,032 | 2.09 | |
IAC | F | 47.73 | 0.02 | 1,053,590 | 1.94 | |
HTGC | D | 18.53 | -1.54 | 1,635,175 | 1.87 | |
A | D | 132.06 | 2.71 | 2,881,705 | 1.81 | |
THC | D | 147.92 | -2.58 | 2,251,708 | 1.78 | |
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