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.
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
PAGP | D | 17.92 | -1.54 | 3,076,152 | 2.52 | |
CHDN | A | 140.25 | 0.08 | 931,188 | 2.42 | |
WHR | C | 104.05 | -5.73 | 1,546,859 | 2.24 | |
CTSH | C | 74.82 | -0.05 | 4,909,085 | 1.78 | |
GFF | F | 63.46 | -0.63 | 699,385 | 1.78 | |
EGP | D | 176.53 | -1.12 | 540,201 | 1.66 | |
MAT | C | 19.00 | 2.32 | 3,705,896 | 1.62 | |
AVY | F | 207.16 | 1.07 | 797,830 | 1.59 | |
EQC | D | 19.78 | -0.10 | 1,562,505 | 1.57 | |
TPH | C | 40.28 | -1.10 | 1,078,931 | 1.55 | |
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