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 | |
---|---|---|---|---|---|---|
LYV | D | 95.99 | 2.69 | 2,743,180 | 1.19 | |
DE | F | 374.96 | -1.13 | 1,511,575 | 1.06 | |
HRL | C | 35.11 | 1.04 | 2,474,875 | 1.05 | |
ES | D | 57.53 | 0.00 | 2,058,856 | 0.97 | |
LKQ | F | 42.92 | 1.23 | 1,671,605 | 0.94 | |
ZBH | F | 116.41 | 0.48 | 1,084,244 | 0.92 | |
VAL | C | 72.99 | -1.10 | 730,502 | 0.90 | |
ASX | B | 11.15 | 1.46 | 4,678,836 | 0.85 | |
BLKB | B | 79.32 | 0.14 | 214,471 | 0.84 | |
CTRA | C | 27.13 | 0.22 | 5,008,401 | 0.82 | |
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