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 | |
---|---|---|---|---|---|---|
JNJ | F | 162.00 | -3.70 | 23,176,575 | 3.77 | |
PSO | B | 11.38 | 0.18 | 874,525 | 3.07 | |
CL | F | 72.88 | 1.80 | 8,909,885 | 2.41 | |
ESNT | A | 42.67 | -0.65 | 943,571 | 2.39 | |
ROP | D | 423.48 | -2.45 | 774,096 | 2.09 | |
SYY | F | 78.10 | 0.27 | 4,095,216 | 2.05 | |
GNTX | B | 28.31 | -0.25 | 1,885,358 | 1.90 | |
KMPR | A | 56.82 | 1.68 | 637,865 | 1.89 | |
ELS | D | 67.65 | -1.96 | 1,246,847 | 1.83 | |
NEE | F | 75.05 | -0.70 | 10,539,236 | 1.68 | |
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