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 | |
---|---|---|---|---|---|---|
REXR | F | 44.93 | -9.07 | 5,273,119 | 3.50 | |
SON | D | 53.44 | -1.47 | 1,168,635 | 1.71 | |
PLD | D | 122.70 | -3.36 | 5,391,086 | 1.67 | |
WAT | C | 347.31 | -1.88 | 542,628 | 1.63 | |
SKX | F | 62.00 | -1.13 | 2,608,225 | 1.35 | |
OSBC | C | 17.04 | 5.71 | 364,777 | 1.31 | |
COLM | C | 83.57 | 0.82 | 410,839 | 1.27 | |
TU | C | 16.34 | 0.62 | 2,466,561 | 1.25 | |
ABT | B | 117.89 | 0.06 | 5,017,080 | 1.21 | |
OPCH | D | 30.94 | 0.10 | 1,477,997 | 1.14 | |
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