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 | |
---|---|---|---|---|---|---|
QGEN | C | 42.58 | -0.93 | 2,151,421 | 2.12 | |
GEN | F | 19.70 | -1.65 | 7,083,055 | 1.99 | |
TD | F | 54.97 | 0.57 | 5,679,368 | 1.86 | |
SWK | F | 87.01 | 1.41 | 2,757,335 | 1.82 | |
AON | F | 285.47 | 1.96 | 1,783,247 | 1.63 | |
CYBR | D | 235.64 | 3.66 | 725,307 | 1.56 | |
ARES | A | 136.17 | 3.23 | 1,721,818 | 1.55 | |
HI | F | 43.48 | 2.45 | 431,954 | 1.44 | |
TILE | B | 16.43 | -5.52 | 728,482 | 1.42 | |
SHAK | B | 105.62 | -1.72 | 1,156,299 | 1.35 | |
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