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 | |
---|---|---|---|---|---|---|
MSFT | D | 29.860 | -5.92 | 893,000 | 5.48 | |
BMO | A | 126.880 | -0.67 | 8,673,846 | 2.71 | |
AMZN | B | 22.220 | -3.35 | 491,692 | 2.52 | |
KXS | C | 154.640 | -1.72 | 180,973 | 2.12 | |
FC | C | 11.300 | -1.82 | 116,670 | 1.74 | |
ARG | B | 1.710 | -0.58 | 330,788 | 1.62 | |
TCW | D | 4.620 | 1.76 | 987,376 | 1.62 | |
TIH | D | 123.000 | -1.51 | 165,562 | 1.52 | |
CEU | A | 7.980 | 2.84 | 942,212 | 1.51 | |
CSU | C | 4199.040 | -3.06 | 36,957 | 1.40 | |
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