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 | |
---|---|---|---|---|---|---|
NTST | F | 15.98 | -0.13 | 2,742,112 | 2.52 | |
HSY | F | 181.98 | -0.81 | 2,527,179 | 2.19 | |
APH | A | 68.47 | 2.42 | 12,200,140 | 2.15 | |
AVY | F | 207.65 | -2.23 | 1,019,756 | 2.10 | |
DHR | D | 256.00 | -2.02 | 4,006,386 | 1.96 | |
BXMT | B | 19.10 | 2.63 | 2,888,579 | 1.89 | |
MAT | F | 17.78 | -1.82 | 4,055,460 | 1.86 | |
ROP | D | 542.94 | -1.66 | 718,328 | 1.74 | |
ARE | B | 119.90 | 1.64 | 1,934,185 | 1.73 | |
PMT | C | 13.52 | -1.10 | 1,133,750 | 1.70 | |
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