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 | |
---|---|---|---|---|---|---|
PRGS | D | 56.88 | -1.23 | 809,448 | 2.36 | |
GRND | C | 12.01 | 0.42 | 685,799 | 1.30 | |
EQC | D | 19.78 | 0.05 | 1,263,903 | 1.25 | |
BERY | B | 67.75 | 1.74 | 916,041 | 1.18 | |
MRO | D | 27.77 | -0.57 | 6,485,220 | 1.15 | |
YUM | F | 130.37 | 0.51 | 2,140,649 | 1.12 | |
FNV | C | 126.52 | -1.43 | 585,824 | 1.05 | |
ORLY | C | 1119.84 | 0.97 | 366,496 | 1.04 | |
EQIX | B | 881.92 | 0.54 | 451,838 | 1.03 | |
EOG | D | 127.73 | 1.35 | 3,174,300 | 1.00 | |
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