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 | |
---|---|---|---|---|---|---|
KMX | D | 78.21 | 4.99 | 6,531,369 | 3.80 | |
PDD | D | 129.40 | 13.57 | 47,897,316 | 3.69 | |
GLNG | B | 35.59 | 2.01 | 2,953,553 | 2.47 | |
MGY | D | 23.70 | -3.70 | 5,043,922 | 2.28 | |
EQC | D | 19.78 | 0.25 | 2,242,026 | 2.13 | |
WIX | B | 171.74 | 1.18 | 814,462 | 2.06 | |
CNQ | F | 32.64 | -3.15 | 10,394,992 | 2.04 | |
GEHC | B | 92.49 | -0.56 | 5,230,865 | 1.89 | |
FLR | D | 47.34 | 3.57 | 2,531,773 | 1.79 | |
ICLR | F | 286.13 | 0.78 | 995,094 | 1.74 | |
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