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 | |
---|---|---|---|---|---|---|
PFE | D | 28.46 | -1.39 | 102,201,630 | 3.49 | |
RDN | D | 34.69 | 1.70 | 2,804,854 | 3.46 | |
AESI | D | 20.37 | 1.75 | 2,796,517 | 3.30 | |
WES | D | 37.39 | -1.55 | 2,454,209 | 2.86 | |
HAYW | B | 15.67 | 5.88 | 4,604,024 | 2.83 | |
RUSHA | A | 54.87 | -0.80 | 628,716 | 2.38 | |
KEX | C | 123.05 | -1.39 | 904,577 | 2.25 | |
GTES | B | 18.26 | -1.51 | 4,880,280 | 2.01 | |
TU | F | 16.02 | -0.74 | 3,889,251 | 1.95 | |
FMS | C | 20.39 | -2.25 | 517,377 | 1.92 | |
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