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 | |
---|---|---|---|---|---|---|
M | C | 19.64 | 9.54 | 17,251,288 | 3.64 | |
AFG | D | 119.65 | -1.20 | 773,314 | 2.88 | |
RNR | D | 211.47 | -0.40 | 731,518 | 2.33 | |
HUN | F | 21.74 | -3.33 | 3,858,590 | 2.18 | |
WTFC | D | 96.43 | -1.70 | 497,453 | 1.89 | |
PFG | D | 78.37 | -1.00 | 1,904,084 | 1.83 | |
GPK | D | 25.27 | -1.56 | 4,727,634 | 1.82 | |
FNF | D | 48.10 | -1.37 | 1,710,260 | 1.74 | |
L | D | 73.76 | -0.86 | 1,304,607 | 1.70 | |
TRP | B | 37.87 | -0.79 | 5,219,006 | 1.70 | |
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