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 | |
---|---|---|---|---|---|---|
V | C | 273.53 | -1.00 | 19,896,612 | 2.47 | |
AACT | A | 10.65 | 0.00 | 751,221 | 2.45 | |
TRIN | C | 14.60 | -2.21 | 870,704 | 2.18 | |
FUL | C | 76.32 | -2.99 | 599,300 | 2.03 | |
DEI | C | 13.40 | -1.33 | 2,707,476 | 1.86 | |
GIS | C | 67.26 | -1.19 | 6,576,381 | 1.75 | |
DOW | D | 53.16 | -2.67 | 7,055,939 | 1.66 | |
HR | B | 16.36 | 0.12 | 6,479,415 | 1.57 | |
RPM | C | 107.95 | -1.81 | 872,349 | 1.46 | |
UFPI | D | 110.65 | -4.60 | 390,705 | 1.45 | |
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