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 | |
---|---|---|---|---|---|---|
GEHC | B | 91.99 | -0.54 | 12,579,371 | 4.26 | |
PDD | D | 135.38 | 4.62 | 36,119,559 | 2.65 | |
NVO | F | 120.76 | -2.85 | 9,475,677 | 2.56 | |
BMY | C | 50.91 | 1.58 | 22,230,656 | 1.71 | |
KMX | D | 77.32 | -1.14 | 2,728,126 | 1.57 | |
IAC | C | 54.70 | 0.05 | 701,565 | 1.49 | |
NMFC | F | 12.02 | 1.52 | 476,264 | 1.46 | |
PEP | D | 170.00 | 0.18 | 7,531,137 | 1.43 | |
HPQ | C | 35.41 | -3.91 | 9,904,663 | 1.30 | |
SYY | C | 77.66 | -0.38 | 4,069,844 | 1.23 | |
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