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 | |
---|---|---|---|---|---|---|
NMFC | F | 11.82 | -1.34 | 585,756 | 1.74 | |
PDD | D | 145.64 | 8.03 | 24,118,408 | 1.65 | |
MTSI | C | 107.00 | -3.83 | 875,656 | 1.63 | |
TSLX | D | 20.28 | -1.22 | 455,591 | 1.50 | |
INTU | F | 606.28 | -2.37 | 1,853,663 | 1.46 | |
KMX | D | 78.17 | 1.02 | 2,419,748 | 1.37 | |
PAGP | D | 18.54 | 0.22 | 1,929,517 | 1.37 | |
SONY | B | 96.80 | 0.24 | 983,942 | 1.35 | |
PEP | D | 171.38 | 0.78 | 7,095,338 | 1.34 | |
UBS | B | 30.81 | -0.32 | 2,363,024 | 1.32 | |
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