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.
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
EQC | D | 19.80 | -0.05 | 2,929,404 | 3.00 | |
CHDN | B | 140.14 | 4.48 | 905,629 | 2.43 | |
IQV | F | 211.71 | -7.27 | 2,282,891 | 2.25 | |
CTSH | C | 74.86 | -1.59 | 6,093,823 | 2.24 | |
MAT | D | 18.57 | 4.44 | 4,827,095 | 2.15 | |
TPH | C | 40.73 | -4.19 | 1,329,466 | 1.93 | |
DHR | F | 248.00 | -3.13 | 3,985,494 | 1.90 | |
BPOP | D | 88.97 | -0.85 | 877,863 | 1.88 | |
EGP | D | 178.53 | -1.48 | 605,116 | 1.88 | |
CP | F | 78.51 | -0.41 | 3,581,788 | 1.84 | |
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