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 | |
---|---|---|---|---|---|---|
PFE | D | 13.280 | 0.08 | 166,045 | 3.74 | |
VISA | A | 27.610 | 2.87 | 62,354 | 1.82 | |
AMZN | B | 22.990 | 0.92 | 312,666 | 1.67 | |
KXS | B | 157.350 | 0.22 | 116,260 | 1.41 | |
TIH | C | 124.880 | -2.39 | 121,227 | 1.13 | |
FC | B | 11.510 | 0.70 | 70,630 | 1.08 | |
CSU | B | 4331.550 | -0.72 | 27,480 | 1.06 | |
SJ | D | 85.130 | -0.28 | 143,886 | 1.05 | |
TFII | F | 186.840 | -0.85 | 156,862 | 1.03 | |
TRI | B | 231.530 | -0.16 | 285,083 | 1.01 | |
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