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 | |
---|---|---|---|---|---|---|
GEHC | B | 91.99 | -0.54 | 12,621,619 | 4.27 | |
TIMB | C | 17.17 | 0.52 | 1,695,792 | 3.52 | |
PDD | D | 135.38 | 4.62 | 36,119,559 | 2.65 | |
NVO | F | 120.76 | -2.85 | 9,475,677 | 2.56 | |
VIV | C | 10.22 | 1.49 | 1,718,482 | 2.48 | |
ADEA | C | 11.93 | -0.25 | 865,605 | 1.84 | |
BMY | C | 50.91 | 1.58 | 23,020,502 | 1.77 | |
TECK | B | 52.44 | -1.80 | 5,233,287 | 1.73 | |
KMX | D | 77.32 | -1.14 | 2,728,204 | 1.57 | |
IAC | C | 54.70 | 0.05 | 701,565 | 1.49 | |
Sign Up to view the next 95 stocks. |
Popular Now
Recent Comments
- LillyMilly1 on LILM
- TraderMike on RYDE what a RIDE!!! Holy Crap!
- Crunching_The_Market on RYDE what a RIDE!!! Holy Crap!
- LillyMilly1 on LILM
- TraderMike on Bollinger Band Squeeze
From the Blog
Featured Articles