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 | |
---|---|---|---|---|---|---|
PRGS | C | 57.15 | 0.47 | 986,847 | 2.76 | |
BRKL | C | 10.15 | -0.78 | 991,553 | 1.68 | |
PEP | D | 169.92 | -1.27 | 7,837,392 | 1.48 | |
MDLZ | C | 74.16 | -0.55 | 8,149,213 | 1.40 | |
YUM | D | 133.80 | 2.63 | 2,696,994 | 1.40 | |
SYY | C | 76.41 | 0.30 | 4,512,863 | 1.38 | |
RNA | D | 44.00 | 1.15 | 1,910,376 | 1.34 | |
GRND | C | 12.13 | 1.00 | 686,064 | 1.30 | |
NVO | F | 125.44 | 1.41 | 4,787,409 | 1.29 | |
GILD | B | 83.79 | -0.24 | 7,984,894 | 1.24 | |
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