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 | |
---|---|---|---|---|---|---|
WLY | C | 43.21 | -3.25 | 721,012 | 2.48 | |
PLYM | C | 22.77 | -1.60 | 538,543 | 2.01 | |
EMN | C | 97.17 | -0.86 | 1,593,493 | 1.96 | |
CTVA | B | 55.33 | 0.40 | 5,003,366 | 1.81 | |
AIG | D | 71.91 | -2.61 | 7,205,390 | 1.71 | |
ORCL | A | 141.81 | -0.56 | 11,153,604 | 1.67 | |
ZWS | D | 29.71 | -2.30 | 1,306,685 | 1.66 | |
KR | C | 52.27 | -2.06 | 6,631,908 | 1.59 | |
UBS | D | 28.53 | -2.83 | 2,617,685 | 1.57 | |
CNC | D | 70.83 | -2.52 | 6,046,720 | 1.55 | |
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