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 | |
---|---|---|---|---|---|---|
PDD | D | 134.81 | -0.42 | 33,480,663 | 2.36 | |
TTE | D | 64.62 | -2.31 | 2,824,474 | 2.32 | |
XPO | F | 107.51 | -3.60 | 2,854,749 | 1.95 | |
NMFC | F | 11.98 | -0.33 | 576,856 | 1.75 | |
NVO | F | 119.07 | -1.40 | 6,472,823 | 1.73 | |
CNQ | F | 33.21 | 0.00 | 8,158,057 | 1.58 | |
TSLX | C | 20.53 | -0.73 | 469,684 | 1.57 | |
KNX | C | 53.95 | -0.19 | 2,959,411 | 1.52 | |
GM | D | 44.84 | -3.53 | 20,146,477 | 1.45 | |
NWSA | D | 26.63 | 0.49 | 3,559,095 | 1.40 | |
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