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 | |
---|---|---|---|---|---|---|
CNH | C | 11.07 | 0.73 | 34,603,104 | 2.64 | |
HSIC | C | 74.84 | 1.29 | 3,299,056 | 2.05 | |
HTGC | D | 19.08 | 1.11 | 1,534,259 | 1.84 | |
NTAP | C | 122.20 | 2.40 | 2,545,254 | 1.79 | |
DDOG | A | 133.41 | 5.91 | 5,956,001 | 1.70 | |
BJ | B | 86.33 | -0.55 | 1,971,581 | 1.59 | |
SPB | C | 90.26 | 0.03 | 442,540 | 1.53 | |
AMED | F | 90.00 | 0.61 | 697,737 | 1.48 | |
PEP | F | 156.72 | -1.02 | 8,248,546 | 1.48 | |
BALL | D | 59.91 | -1.56 | 2,271,636 | 1.39 | |
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