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 | |
---|---|---|---|---|---|---|
MIR | B | 11.04 | 0.45 | 2,263,961 | 1.96 | |
GSK | F | 38.82 | 1.17 | 6,582,006 | 1.75 | |
KNX | D | 49.85 | -3.11 | 3,227,934 | 1.74 | |
FNV | D | 120.86 | -0.70 | 1,043,332 | 1.72 | |
CP | C | 82.42 | 0.66 | 2,953,726 | 1.54 | |
WAT | B | 352.51 | -0.53 | 576,384 | 1.53 | |
TTE | B | 68.60 | 1.06 | 1,968,774 | 1.51 | |
FLR | B | 49.97 | 1.88 | 2,061,267 | 1.46 | |
SBAC | C | 235.37 | -1.89 | 1,139,052 | 1.34 | |
SKX | B | 68.54 | 5.24 | 2,661,321 | 1.33 | |
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