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 | |
---|---|---|---|---|---|---|
DOW | F | 48.90 | 1.14 | 20,309,379 | 4.03 | |
BDX | F | 227.11 | -5.39 | 4,041,521 | 3.24 | |
TPX | C | 54.00 | 8.28 | 4,021,259 | 3.13 | |
ROK | B | 277.09 | -5.75 | 2,023,653 | 3.00 | |
FSS | D | 88.66 | -1.90 | 1,137,805 | 2.97 | |
BBVA | F | 10.02 | 3.83 | 3,804,663 | 2.72 | |
TSLX | F | 19.79 | -2.32 | 701,700 | 2.30 | |
UTZ | F | 16.95 | -5.94 | 1,272,770 | 2.07 | |
MNST | B | 54.73 | 0.53 | 11,450,635 | 2.02 | |
AL | B | 47.32 | 0.02 | 1,356,377 | 1.99 | |
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