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 | |
---|---|---|---|---|---|---|
REXR | F | 44.69 | -2.91 | 2,986,966 | 1.90 | |
IPG | B | 31.62 | -1.28 | 6,207,708 | 1.79 | |
ARE | B | 119.52 | -1.86 | 1,805,663 | 1.69 | |
BXMT | B | 18.66 | -1.89 | 2,178,516 | 1.49 | |
GPK | B | 29.83 | -0.90 | 2,887,250 | 1.48 | |
COLM | D | 80.83 | -4.22 | 477,130 | 1.47 | |
INFY | C | 22.20 | -1.38 | 10,409,892 | 1.35 | |
MAT | F | 18.42 | -3.36 | 2,862,327 | 1.34 | |
KHC | B | 35.49 | -1.42 | 8,767,818 | 1.32 | |
WPC | D | 58.89 | -1.87 | 1,130,957 | 1.23 | |
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