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 | |
---|---|---|---|---|---|---|
AMED | D | 95.49 | -1.78 | 1,456,587 | 4.11 | |
BMO | B | 93.50 | 0.79 | 4,275,537 | 4.02 | |
TIMB | F | 15.16 | 2.43 | 1,823,605 | 3.86 | |
ARR | D | 19.10 | -1.50 | 3,036,451 | 2.47 | |
TPX | D | 49.43 | 3.71 | 2,572,699 | 2.35 | |
GPK | A | 30.35 | 2.33 | 4,565,383 | 2.23 | |
SKX | F | 61.86 | 4.48 | 3,917,090 | 1.82 | |
IAC | C | 51.46 | 0.61 | 758,001 | 1.81 | |
MAT | C | 19.72 | 3.79 | 4,000,972 | 1.71 | |
COLM | F | 75.70 | 0.69 | 549,567 | 1.70 | |
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