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 | |
---|---|---|---|---|---|---|
HES | D | 152.05 | 0.44 | 4,070,981 | 1.76 | |
JBI | C | 14.55 | 0.48 | 2,060,985 | 1.32 | |
BG | B | 106.42 | 2.55 | 1,695,088 | 1.21 | |
SDRL | B | 52.37 | 3.56 | 664,063 | 1.21 | |
OTIS | C | 95.25 | -2.38 | 2,176,182 | 1.20 | |
HRL | C | 34.70 | -1.17 | 2,640,829 | 1.15 | |
LRCX | B | 971.26 | 0.07 | 993,515 | 1.08 | |
ZBH | F | 116.33 | -0.07 | 1,210,970 | 1.05 | |
DE | F | 369.27 | -1.52 | 1,447,973 | 1.04 | |
GIL | B | 37.19 | -1.14 | 949,636 | 0.99 | |
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