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 | |
---|---|---|---|---|---|---|
STE | D | 200.24 | 0.62 | 1,115,554 | 2.28 | |
LSTR | D | 168.03 | -3.50 | 463,107 | 1.82 | |
FR | D | 48.60 | -3.67 | 2,168,980 | 1.75 | |
CBSH | A | 53.07 | 2.04 | 810,414 | 1.69 | |
GPC | D | 144.07 | -0.33 | 1,763,209 | 1.68 | |
ED | A | 90.33 | 3.33 | 2,923,145 | 1.66 | |
AMX | D | 18.03 | 2.62 | 2,073,452 | 1.50 | |
EQR | B | 60.41 | 1.22 | 2,744,789 | 1.48 | |
FULT | C | 14.49 | 0.28 | 1,544,359 | 1.46 | |
GBCI | D | 34.82 | -0.14 | 990,281 | 1.45 | |
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