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: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM BasingPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
LM | ![]() |
37.65 | -2.99 | 1,069,251 | 2.15 | |
MTN | ![]() |
232.17 | 0.58 | 536,890 | 2.11 | |
CIB | ![]() |
50.94 | -0.14 | 469,900 | 1.75 | |
ABC | ![]() |
86.76 | 0.43 | 1,729,900 | 1.54 | |
ASH | ![]() |
74.83 | -1.19 | 874,000 | 1.54 | |
ORAN | ![]() |
14.73 | -0.81 | 640,020 | 1.51 | |
AAP | ![]() |
156.17 | 3.03 | 1,510,500 | 1.48 | |
WMC | ![]() |
10.41 | -0.67 | 444,226 | 1.47 | |
SWI | ![]() |
18.17 | -0.27 | 715,566 | 1.43 | |
ALLO | ![]() |
29.63 | -4.88 | 621,500 | 1.40 | |
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