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 | |
---|---|---|---|---|---|---|
RNG | D | 30.31 | 3.17 | 2,273,572 | 1.84 | |
HAYW | D | 13.58 | 0.15 | 3,177,859 | 1.84 | |
AHCO | B | 11.43 | 4.81 | 1,671,604 | 1.55 | |
NMFC | F | 12.02 | -2.36 | 461,692 | 1.53 | |
GILD | B | 83.16 | 0.42 | 7,805,054 | 1.34 | |
PLD | B | 129.28 | 0.20 | 3,863,673 | 1.16 | |
REXR | C | 51.23 | 1.27 | 1,813,220 | 1.14 | |
CNC | C | 76.57 | 1.62 | 4,339,647 | 1.12 | |
ORLY | B | 1130.72 | 0.47 | 367,222 | 1.09 | |
SWX | C | 73.04 | 1.07 | 352,051 | 1.02 | |
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