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 | |
---|---|---|---|---|---|---|
C | C | 62.64 | -5.11 | 35,330,028 | 2.83 | |
CHEF | C | 40.39 | 1.20 | 784,560 | 2.48 | |
SMFG | D | 12.83 | -2.43 | 3,786,258 | 2.36 | |
KEYS | B | 158.06 | -0.57 | 2,345,751 | 1.98 | |
FULT | C | 18.26 | 0.72 | 2,498,891 | 1.97 | |
EGP | D | 179.44 | 0.93 | 594,212 | 1.92 | |
CNC | F | 68.48 | -6.06 | 6,868,121 | 1.86 | |
PLD | D | 121.39 | 0.77 | 5,453,598 | 1.73 | |
BAC | B | 42.14 | 0.55 | 61,486,969 | 1.70 | |
WPC | D | 59.57 | -0.58 | 1,571,626 | 1.70 | |
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