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 | |
---|---|---|---|---|---|---|
GSK | D | 40.24 | 5.84 | 19,958,754 | 4.86 | |
RNG | F | 30.41 | 1.94 | 3,651,534 | 2.66 | |
HOPE | D | 12.33 | 1.23 | 1,720,443 | 2.56 | |
EQH | B | 43.00 | 0.40 | 4,089,508 | 1.94 | |
SITC | D | 17.35 | -0.57 | 1,577,621 | 1.84 | |
NMFC | F | 11.65 | -0.60 | 635,747 | 1.79 | |
AN | D | 163.11 | -1.00 | 557,403 | 1.54 | |
CHDN | C | 140.63 | 1.15 | 469,421 | 1.37 | |
WBS | D | 45.55 | 1.76 | 1,440,787 | 1.36 | |
GM | C | 47.93 | 4.17 | 17,185,018 | 1.34 | |
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