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 | |
---|---|---|---|---|---|---|
FCPT | D | 22.74 | -2.19 | 1,420,214 | 2.68 | |
CBSH | A | 52.01 | 1.52 | 873,513 | 1.85 | |
PLD | D | 114.74 | -0.91 | 5,665,963 | 1.74 | |
JNJ | F | 144.45 | -2.13 | 12,773,320 | 1.73 | |
TU | F | 15.68 | -0.44 | 4,492,609 | 1.66 | |
AON | D | 304.05 | -0.37 | 1,230,069 | 1.39 | |
STWD | D | 18.88 | -0.68 | 3,072,438 | 1.38 | |
FULT | D | 14.45 | -2.36 | 1,407,241 | 1.34 | |
GBCI | D | 34.87 | -3.54 | 884,919 | 1.30 | |
GLW | C | 30.92 | -1.18 | 5,754,370 | 1.30 | |
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