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 | |
---|---|---|---|---|---|---|
KPT | C | 8.270 | -1.52 | 95,179 | 5.79 | |
FEC | D | 7.960 | -5.69 | 276,939 | 4.22 | |
MAL | C | 9.290 | -1.38 | 26,600 | 2.55 | |
WCP | C | 9.869 | -3.97 | 4,390,897 | 2.03 | |
XOM | D | 21.200 | -1.53 | 22,463 | 1.62 | |
SJ | D | 87.630 | -1.25 | 211,400 | 1.53 | |
PSK | C | 26.910 | -2.44 | 534,035 | 1.50 | |
BDT | D | 23.343 | 2.27 | 229,072 | 1.48 | |
SDE | F | 3.630 | -6.44 | 310,100 | 1.34 | |
NPI | B | 23.320 | 2.49 | 2,128,991 | 1.32 | |
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