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 | |
---|---|---|---|---|---|---|
REXR | F | 46.03 | 2.45 | 3,238,873 | 2.10 | |
MAT | C | 19.06 | 2.25 | 3,722,097 | 1.75 | |
ABT | A | 119.39 | 1.27 | 6,704,480 | 1.62 | |
VEEV | C | 221.32 | 1.98 | 1,380,632 | 1.62 | |
SBCF | B | 27.83 | -2.11 | 588,690 | 1.59 | |
MDLZ | D | 71.58 | 0.65 | 7,287,540 | 1.42 | |
GPK | B | 30.10 | 1.07 | 2,592,820 | 1.35 | |
TFX | D | 239.94 | 2.48 | 432,093 | 1.35 | |
WAT | C | 348.45 | 0.33 | 418,822 | 1.26 | |
NSC | B | 252.37 | 1.66 | 1,330,025 | 1.24 | |
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