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 | |
---|---|---|---|---|---|---|
SPB | C | 88.22 | -6.01 | 932,293 | 3.33 | |
NOC | D | 493.99 | -1.27 | 1,428,481 | 2.18 | |
WES | C | 38.20 | 1.11 | 2,378,546 | 2.17 | |
HTGC | D | 18.92 | -0.68 | 1,490,975 | 1.87 | |
A | D | 127.07 | -2.42 | 2,631,118 | 1.69 | |
RYN | D | 29.97 | 0.84 | 1,088,677 | 1.66 | |
DDOG | B | 126.09 | -4.06 | 5,691,157 | 1.66 | |
IAC | D | 46.95 | -0.06 | 859,161 | 1.63 | |
CNH | D | 10.90 | 2.25 | 20,666,466 | 1.59 | |
MT | B | 25.27 | 3.18 | 2,393,898 | 1.51 | |
Sign Up to view the next 61 stocks. |
Popular Now
Recent Comments
- TraderMike on BOOT
- Dr_Duru on BOOT
- TraderMike on Stochastic Reached Oversold
- SuccessfulGrasshopper897 on Stochastic Reached Oversold
- Cos3 on Adding float as advanced filter criteria?
From the Blog
Featured Articles