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 | |
---|---|---|---|---|---|---|
INFY | C | 22.90 | -0.52 | 13,864,232 | 1.87 | |
OPCH | D | 30.91 | 0.98 | 2,359,445 | 1.82 | |
CBSH | D | 61.66 | 0.90 | 926,684 | 1.78 | |
PLD | D | 126.97 | 4.60 | 5,564,681 | 1.75 | |
BPOP | B | 101.25 | -0.75 | 669,532 | 1.64 | |
C | B | 64.25 | 2.57 | 19,981,463 | 1.59 | |
REXR | D | 49.41 | 3.48 | 2,258,824 | 1.58 | |
ONB | D | 19.58 | 2.35 | 2,363,444 | 1.53 | |
TFC | B | 44.53 | 1.41 | 11,393,922 | 1.53 | |
CHEF | D | 41.61 | 3.02 | 473,870 | 1.52 | |
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