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 | |
---|---|---|---|---|---|---|
HXL | D | 63.57 | 1.68 | 2,794,442 | 2.97 | |
OPCH | D | 30.59 | 0.59 | 3,555,990 | 2.78 | |
ENB | B | 35.42 | 0.20 | 12,397,321 | 2.09 | |
DX | C | 11.83 | 3.23 | 2,647,628 | 2.03 | |
CNS | C | 71.58 | 3.23 | 485,724 | 1.59 | |
PPG | D | 130.43 | -0.56 | 2,730,641 | 1.53 | |
NOC | B | 474.68 | 0.79 | 1,365,357 | 1.45 | |
BSAC | D | 18.24 | 0.66 | 433,687 | 1.43 | |
LEA | D | 133.53 | -0.44 | 691,603 | 1.37 | |
JNJ | F | 149.56 | 0.30 | 10,109,230 | 1.35 | |
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