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 | |
---|---|---|---|---|---|---|
RACE | C | 441.00 | -7.36 | 1,504,722 | 5.22 | |
CSWC | F | 22.49 | 0.72 | 1,243,127 | 4.81 | |
TRI | C | 171.14 | 3.71 | 947,719 | 3.74 | |
AY | A | 22.08 | 0.05 | 2,418,326 | 2.61 | |
RRX | B | 167.97 | -1.32 | 994,370 | 2.46 | |
FSS | D | 84.61 | 3.74 | 744,883 | 2.08 | |
YUM | C | 134.72 | 1.48 | 3,779,458 | 2.07 | |
BCC | C | 138.49 | 3.15 | 636,062 | 2.04 | |
TU | F | 15.63 | -0.51 | 4,143,726 | 2.01 | |
PAA | D | 16.92 | 1.26 | 4,344,755 | 1.98 | |
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