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 | |
---|---|---|---|---|---|---|
RRR | F | 50.21 | -2.09 | 2,100,656 | 3.55 | |
GGG | B | 89.17 | 0.75 | 1,813,542 | 2.57 | |
EQNR | D | 23.69 | 4.50 | 9,805,824 | 2.40 | |
HALO | C | 53.96 | -7.93 | 3,217,755 | 2.28 | |
BDX | F | 227.17 | -1.75 | 2,820,259 | 2.14 | |
EZPW | A | 12.02 | 1.43 | 1,010,165 | 2.10 | |
TTE | F | 60.47 | 1.00 | 3,404,331 | 2.03 | |
RYN | F | 29.72 | -1.30 | 1,236,510 | 1.93 | |
NOC | D | 500.34 | -3.86 | 1,186,896 | 1.87 | |
TU | F | 15.18 | -2.57 | 4,006,972 | 1.73 | |
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