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 | |
---|---|---|---|---|---|---|
OXM | D | 99.42 | -2.39 | 640,257 | 2.44 | |
ATAT | F | 17.08 | -3.77 | 1,924,167 | 2.00 | |
SR | D | 58.47 | 0.45 | 514,239 | 1.54 | |
EXC | D | 35.54 | 0.37 | 8,863,433 | 1.45 | |
NMFC | D | 12.21 | -0.41 | 486,633 | 1.35 | |
BFAM | D | 103.94 | -0.61 | 422,472 | 1.34 | |
FA | B | 16.44 | -1.02 | 530,224 | 1.33 | |
DX | C | 11.86 | 0.08 | 1,863,986 | 1.31 | |
NJR | C | 42.08 | -0.12 | 609,789 | 1.31 | |
HWC | D | 43.96 | -2.14 | 533,346 | 1.21 | |
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