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 | |
---|---|---|---|---|---|---|
EXEL | B | 21.93 | -6.54 | 7,471,580 | 3.22 | |
QRVO | C | 111.89 | -4.24 | 2,885,420 | 2.64 | |
WBS | D | 44.38 | 1.25 | 2,296,878 | 2.14 | |
ZBH | D | 119.56 | -0.60 | 2,485,345 | 2.07 | |
UDR | A | 37.49 | -1.55 | 5,340,526 | 1.94 | |
SUI | D | 112.78 | 1.31 | 1,531,868 | 1.91 | |
HES | A | 156.77 | -0.46 | 4,859,066 | 1.89 | |
K | B | 56.98 | -1.52 | 5,814,184 | 1.82 | |
SYY | D | 73.05 | -1.71 | 4,975,018 | 1.82 | |
DOX | D | 83.36 | -0.75 | 1,163,187 | 1.77 | |
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