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 | |
---|---|---|---|---|---|---|
EG | D | 368.34 | -6.24 | 747,452 | 2.75 | |
BDX | C | 236.01 | -2.09 | 3,769,893 | 2.45 | |
APG | D | 36.25 | -4.33 | 5,042,988 | 2.26 | |
MTZ | D | 106.12 | -3.55 | 1,718,075 | 2.13 | |
MELI | D | 1606.06 | -3.77 | 590,947 | 2.00 | |
FA | B | 17.03 | -1.10 | 814,552 | 1.99 | |
MAR | F | 218.78 | -3.75 | 3,046,481 | 1.98 | |
RNR | A | 231.86 | -0.02 | 623,916 | 1.96 | |
DHT | C | 11.54 | -1.79 | 2,923,451 | 1.59 | |
WMS | C | 169.15 | -4.46 | 749,252 | 1.55 | |
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