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 | |
---|---|---|---|---|---|---|
AIR | C | 63.03 | 1.87 | 533,364 | 1.55 | |
FCPT | D | 22.66 | 0.40 | 819,236 | 1.52 | |
ED | A | 90.90 | 0.63 | 2,528,768 | 1.42 | |
NJR | A | 42.19 | 1.54 | 688,041 | 1.40 | |
ENB | D | 33.90 | 1.71 | 7,831,906 | 1.39 | |
PPG | D | 135.11 | 0.11 | 2,318,916 | 1.39 | |
OPCH | D | 30.90 | 2.08 | 1,573,277 | 1.34 | |
JNJ | F | 145.74 | 0.67 | 9,879,602 | 1.34 | |
STE | D | 200.81 | 0.28 | 658,479 | 1.34 | |
TCBI | D | 55.98 | 0.11 | 544,559 | 1.28 | |
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