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 | |
---|---|---|---|---|---|---|
NTAP | C | 122.34 | -3.43 | 5,661,704 | 3.58 | |
CP | D | 76.69 | 1.99 | 6,743,353 | 2.68 | |
ASGN | F | 89.24 | 5.61 | 893,392 | 2.65 | |
CPA | D | 93.37 | 0.66 | 851,412 | 2.64 | |
ROK | B | 290.86 | 4.51 | 1,842,302 | 2.37 | |
DEO | F | 120.09 | 1.69 | 1,233,747 | 1.78 | |
WMG | C | 31.85 | 2.15 | 2,666,476 | 1.74 | |
IAC | D | 48.47 | 1.55 | 925,035 | 1.67 | |
TU | F | 15.20 | -0.78 | 3,618,145 | 1.52 | |
KHC | F | 31.81 | 2.32 | 12,392,030 | 1.50 | |
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