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 | |
---|---|---|---|---|---|---|
FLR | C | 38.90 | -5.67 | 4,832,080 | 3.24 | |
TD | F | 54.66 | -5.89 | 8,093,914 | 2.70 | |
UTI | A | 15.61 | 1.30 | 1,280,545 | 2.52 | |
DLB | D | 82.08 | 2.97 | 730,541 | 2.31 | |
HES | B | 158.86 | 0.19 | 6,029,703 | 2.24 | |
CIVI | B | 75.50 | 7.02 | 3,197,558 | 2.13 | |
SWK | F | 85.80 | 0.95 | 3,145,704 | 2.12 | |
HUN | D | 24.53 | 0.86 | 3,363,854 | 1.71 | |
CTRA | A | 28.19 | 3.79 | 11,386,195 | 1.69 | |
LLY | D | 734.97 | -2.77 | 4,590,879 | 1.63 | |
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