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 | |
---|---|---|---|---|---|---|
CMA | C | 47.80 | 1.04 | 33,958,869 | 14.18 | |
VGR | B | 11.11 | 2.49 | 16,410,921 | 11.16 | |
RDWR | D | 18.06 | 0.11 | 4,701,259 | 10.67 | |
CAL | C | 34.28 | 2.45 | 5,147,392 | 9.32 | |
WKC | B | 25.55 | -0.62 | 2,585,647 | 5.35 | |
OXM | D | 100.47 | 0.15 | 1,574,089 | 5.31 | |
WLK | D | 147.97 | -1.43 | 2,334,330 | 5.03 | |
VCEL | C | 45.00 | 0.76 | 1,723,357 | 4.48 | |
AIR | C | 70.99 | 1.78 | 1,203,646 | 4.43 | |
CTRA | D | 26.62 | -1.00 | 26,905,342 | 4.37 | |
Sign Up to view the next 151 stocks. |
Popular Now
Recent Comments
- Dr_Duru on Expansion Breakout
- TraderMike on New Scans: Strong, Oversold Stocks and Weak, Overbought Stocks
- ZealousTrout235 on New Scans: Strong, Oversold Stocks and Weak, Overbought Stocks
- TraderMike on Market Recap for Tuesday, May 21, 2024
- CharmingMole371 on Market Recap for Tuesday, May 21, 2024
From the Blog
Featured Articles