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 | |
---|---|---|---|---|---|---|
BIO | C | 330.01 | -4.23 | 5,791,402 | 17.28 | |
VTRS | D | 11.39 | -4.29 | 46,902,750 | 5.93 | |
KHC | C | 34.96 | -0.09 | 35,686,023 | 4.47 | |
BWXT | C | 102.84 | 4.92 | 2,186,799 | 4.27 | |
PRGS | C | 57.59 | -0.14 | 1,306,612 | 3.92 | |
GILD | B | 83.94 | 0.05 | 24,672,671 | 3.88 | |
DEA | B | 13.60 | -1.09 | 3,450,146 | 3.71 | |
LBTYK | B | 21.13 | -0.42 | 4,892,676 | 3.65 | |
SYY | D | 75.19 | 1.42 | 10,651,658 | 3.38 | |
CF | C | 81.61 | -1.83 | 5,009,269 | 3.17 | |
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