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 | |
---|---|---|---|---|---|---|
BOH | C | 64.85 | -0.05 | 506,216 | 1.60 | |
GILD | B | 83.89 | 1.01 | 9,198,943 | 1.56 | |
UGI | C | 24.15 | 1.39 | 2,810,734 | 1.55 | |
TU | C | 16.78 | -0.47 | 2,776,247 | 1.32 | |
YUM | D | 130.60 | -1.32 | 2,186,221 | 1.16 | |
BERY | B | 67.54 | 0.43 | 840,130 | 1.09 | |
XOM | D | 114.58 | 0.35 | 12,564,484 | 1.06 | |
PRGS | C | 57.52 | -1.07 | 326,368 | 1.04 | |
PLD | C | 127.02 | -1.44 | 3,498,583 | 1.03 | |
PEP | C | 175.21 | -0.94 | 5,307,656 | 1.01 | |
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