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 | |
---|---|---|---|---|---|---|
COCO | B | 29.56 | -3.96 | 1,747,580 | 4.03 | |
FMC | A | 66.62 | 10.70 | 3,274,902 | 3.50 | |
FMS | D | 19.11 | -6.28 | 927,836 | 3.28 | |
TECH | C | 76.02 | 7.46 | 2,663,654 | 3.19 | |
KEX | C | 115.59 | -6.06 | 1,343,414 | 3.19 | |
OSBC | A | 16.90 | 1.26 | 857,815 | 2.94 | |
GSK | F | 37.01 | -3.04 | 13,176,072 | 2.91 | |
TTE | F | 63.57 | -0.72 | 4,198,120 | 2.90 | |
HTH | F | 31.02 | -0.19 | 923,025 | 2.86 | |
COLM | F | 76.21 | 0.12 | 882,721 | 2.60 | |
Sign Up to view the next 184 stocks. |
Popular Now
Recent Comments
- Cos3 on Adding float as advanced filter criteria?
- FriendlyOyster657 on BOOT
- TraderMike on Filtering by News?
- Dr_Duru on Filtering by News?
- TraderMike on Filtering by News?
From the Blog
Featured Articles