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 | |
---|---|---|---|---|---|---|
E | B | 31.35 | 1.88 | 503,562 | 2.00 | |
RNG | F | 31.31 | 2.02 | 2,238,003 | 1.74 | |
GSK | F | 39.45 | -2.11 | 5,321,119 | 1.47 | |
BPOP | D | 94.55 | -0.89 | 595,484 | 1.41 | |
APH | D | 62.14 | -2.33 | 8,605,569 | 1.40 | |
AMGN | D | 319.73 | -0.18 | 2,614,425 | 1.30 | |
ICLR | F | 294.39 | 3.47 | 709,597 | 1.22 | |
HSY | D | 193.41 | 0.83 | 1,601,941 | 1.20 | |
DCI | B | 73.48 | 0.42 | 542,857 | 1.19 | |
PLD | D | 124.18 | -0.35 | 3,803,488 | 1.16 | |
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