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 | |
---|---|---|---|---|---|---|
MIR | B | 10.99 | -0.99 | 5,481,498 | 4.85 | |
E | B | 31.55 | 0.64 | 875,649 | 3.30 | |
RGA | C | 214.65 | -1.37 | 720,751 | 2.08 | |
KRP | B | 16.21 | 0.62 | 643,787 | 1.60 | |
GSK | F | 38.37 | -2.74 | 5,360,832 | 1.45 | |
NMFC | F | 11.82 | 0.00 | 447,723 | 1.32 | |
GPK | D | 28.62 | -1.31 | 2,715,462 | 1.31 | |
ICLR | D | 293.18 | -0.41 | 725,122 | 1.25 | |
BMO | B | 91.22 | 0.20 | 1,382,482 | 1.23 | |
MSCI | B | 588.31 | -0.35 | 542,588 | 1.23 | |
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