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 | |
---|---|---|---|---|---|---|
TXN | B | 174.81 | 5.64 | 13,964,241 | 2.61 | |
MAT | D | 19.18 | 2.40 | 6,388,152 | 2.19 | |
OPCH | D | 29.93 | -2.16 | 2,852,184 | 2.17 | |
CMS | A | 60.28 | 0.55 | 5,468,397 | 2.09 | |
EIX | A | 70.82 | -0.04 | 3,702,536 | 2.00 | |
HPQ | D | 28.10 | 1.55 | 14,490,852 | 1.81 | |
MHO | C | 122.42 | 2.47 | 452,648 | 1.79 | |
EPC | B | 38.23 | 1.38 | 553,215 | 1.71 | |
EQR | A | 64.61 | 2.41 | 3,166,214 | 1.65 | |
LSTR | D | 171.10 | -0.59 | 415,222 | 1.61 | |
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