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 | |
---|---|---|---|---|---|---|
MAR | F | 227.30 | -4.80 | 4,269,323 | 2.85 | |
SYK | D | 327.45 | -0.84 | 3,543,065 | 2.76 | |
BDX | C | 241.06 | -0.28 | 3,515,198 | 2.37 | |
ETN | D | 304.79 | 6.11 | 5,108,141 | 2.21 | |
FPI | F | 10.62 | 1.72 | 670,920 | 2.03 | |
SHOO | B | 45.34 | 1.98 | 1,297,223 | 1.89 | |
BECN | B | 102.80 | 2.71 | 1,232,763 | 1.85 | |
XYL | D | 133.50 | 0.01 | 1,984,771 | 1.71 | |
COR | C | 237.88 | 2.96 | 2,541,593 | 1.69 | |
AACT | A | 10.75 | 0.19 | 557,465 | 1.66 | |
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