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 | |
---|---|---|---|---|---|---|
AZEK | D | 43.31 | 3.14 | 4,060,331 | 2.03 | |
APAM | D | 41.18 | 3.08 | 718,473 | 1.74 | |
TECK | D | 49.51 | -0.32 | 4,805,393 | 1.73 | |
HES | D | 147.74 | 0.04 | 3,162,763 | 1.41 | |
TTWO | F | 151.52 | 1.81 | 2,371,784 | 1.38 | |
CCK | D | 74.60 | 2.92 | 1,274,637 | 1.36 | |
WLK | D | 146.12 | 3.37 | 631,608 | 1.33 | |
TME | B | 14.98 | -0.53 | 10,026,816 | 1.29 | |
DX | B | 12.26 | 1.74 | 1,776,116 | 1.22 | |
AEO | D | 21.21 | 5.16 | 5,909,985 | 1.19 | |
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