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 | |
---|---|---|---|---|---|---|
BMO | D | 85.27 | 0.79 | 4,165,143 | 4.78 | |
PTC | C | 176.69 | -0.45 | 1,519,263 | 1.84 | |
BSIG | C | 22.79 | 3.31 | 546,667 | 1.82 | |
BSM | D | 15.59 | 1.04 | 686,486 | 1.58 | |
GPK | D | 26.54 | 4.74 | 3,948,214 | 1.50 | |
TMO | D | 536.87 | 0.94 | 1,976,231 | 1.31 | |
APAM | D | 39.95 | 3.07 | 520,955 | 1.29 | |
DOW | D | 51.71 | 0.25 | 5,474,580 | 1.24 | |
APD | D | 255.66 | 0.38 | 2,172,287 | 1.17 | |
DX | C | 12.05 | 1.60 | 1,638,341 | 1.14 | |
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