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 | |
---|---|---|---|---|---|---|
AMED | F | 86.27 | -5.45 | 2,132,771 | 4.29 | |
VMO | A | 10.10 | -0.30 | 824,295 | 3.17 | |
E | F | 28.30 | 0.82 | 558,106 | 2.10 | |
HUN | F | 19.81 | 0.25 | 3,453,307 | 1.85 | |
SPB | A | 94.02 | 1.06 | 500,207 | 1.64 | |
BDX | F | 221.26 | -0.70 | 2,312,380 | 1.63 | |
KHC | F | 31.45 | -0.51 | 13,273,286 | 1.62 | |
TU | D | 15.67 | 0.51 | 3,959,438 | 1.61 | |
TRI | D | 164.84 | 0.24 | 387,349 | 1.47 | |
ABR | D | 14.14 | -2.82 | 3,140,530 | 1.34 | |
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