Stocks Making: Cup with Handle on 05/21/2018

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: Bullish Basing Investor's Business Daily / CANSLIM Possible Breakout Swing Setup

Pro Scan

Results have been limited to 10 of the 179 matching stocks. For full access to this scan you must subscribe to a Pro Plan
Symbol Grade Close % Change Volume Vol Surge
MNRO 56.95 1.52 886,500 2.67
EV 58.06 0.92 970,500 1.82
CBT 60.05 -0.86 799,800 1.76
CSIQ 17.73 2.84 976,200 1.64
ELS 86.79 0.50 610,600 1.64
VSH 21.30 1.43 1,816,900 1.61
FOLD 15.75 -5.91 3,847,000 1.54
ROST 81.93 -0.65 3,613,200 1.48
HPP 33.86 1.68 1,253,000 1.46
AAP 119.15 0.70 1,475,800 1.42
Upgrade to view the next 169 stocks.

Back to All Scans...