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 | |
---|---|---|---|---|---|---|
TU | F | 15.91 | 1.34 | 9,034,868 | 3.76 | |
PRGS | F | 52.63 | -0.04 | 2,288,818 | 3.59 | |
CMS | B | 59.92 | 2.87 | 3,561,398 | 1.40 | |
DTE | B | 111.30 | 3.89 | 1,668,675 | 1.34 | |
MLKN | B | 30.53 | 1.83 | 1,108,913 | 1.29 | |
SON | C | 57.64 | 1.77 | 562,740 | 1.25 | |
KDP | D | 30.59 | 0.25 | 14,369,077 | 1.25 | |
G | F | 32.76 | 1.39 | 1,976,341 | 1.24 | |
LSTR | D | 187.31 | 1.41 | 312,348 | 1.18 | |
AIR | F | 60.18 | 0.33 | 353,436 | 1.16 | |
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