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 | |
---|---|---|---|---|---|---|
NOW | D | 716.25 | -4.03 | 3,385,711 | 2.83 | |
WH | C | 75.36 | 4.72 | 1,894,216 | 2.52 | |
LSTR | D | 177.43 | 3.70 | 604,499 | 2.28 | |
HXL | D | 64.18 | 1.49 | 2,011,318 | 2.04 | |
TD | C | 59.11 | 0.75 | 5,682,235 | 1.90 | |
CMS | A | 60.48 | 0.33 | 5,007,155 | 1.88 | |
ENB | B | 36.26 | 1.68 | 10,010,864 | 1.72 | |
SKX | C | 58.82 | -0.56 | 2,577,804 | 1.68 | |
VOYA | D | 67.94 | -2.37 | 1,620,745 | 1.68 | |
OPCH | D | 29.29 | -2.14 | 2,224,997 | 1.66 | |
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