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 | |
---|---|---|---|---|---|---|
FANG | C | 193.77 | -2.87 | 10,793,912 | 4.98 | |
RRR | F | 52.62 | -3.93 | 1,228,002 | 2.64 | |
EQH | B | 42.83 | 0.19 | 3,261,169 | 1.56 | |
PEP | D | 170.42 | 1.92 | 8,296,846 | 1.54 | |
TRIN | B | 13.90 | 1.39 | 787,759 | 1.54 | |
FLR | B | 50.43 | -0.41 | 2,219,668 | 1.52 | |
RNG | F | 29.83 | -0.86 | 1,925,532 | 1.47 | |
TECK | C | 48.59 | -4.99 | 3,931,474 | 1.42 | |
FIHL | D | 17.20 | 0.58 | 747,036 | 1.42 | |
SITC | D | 17.45 | -0.46 | 1,190,386 | 1.41 | |
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