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 | |
---|---|---|---|---|---|---|
E | C | 31.76 | 1.08 | 489,162 | 1.80 | |
RGA | D | 211.46 | -3.86 | 602,564 | 1.73 | |
SITC | D | 17.53 | 0.81 | 1,313,853 | 1.57 | |
HPK | C | 15.46 | 2.05 | 540,123 | 1.56 | |
AME | D | 166.54 | -2.10 | 1,891,189 | 1.38 | |
CHEF | D | 38.57 | -4.05 | 478,614 | 1.37 | |
CNC | F | 71.49 | -0.82 | 5,182,578 | 1.36 | |
FIHL | D | 17.10 | -8.26 | 698,529 | 1.35 | |
DECK | B | 158.83 | -4.78 | 2,479,193 | 1.34 | |
INTU | F | 602.43 | -1.35 | 1,710,214 | 1.33 | |
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