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 | B | 8.480 | 1.07 | 55,519 | 2.94 | |
EQ | D | 1.090 | 0.00 | 16,500 | 1.36 | |
ATD | F | 73.150 | -1.42 | 1,936,376 | 1.17 | |
SJ | D | 90.640 | 1.69 | 162,569 | 1.13 | |
WCP | A | 10.530 | 0.96 | 2,449,877 | 1.04 | |
FNV | C | 168.330 | -0.28 | 266,355 | 0.95 | |
KEL | B | 6.370 | -0.16 | 309,707 | 0.93 | |
LB | C | 26.670 | -0.63 | 295,993 | 0.91 | |
FN | B | 39.050 | -1.81 | 27,424 | 0.89 | |
KNT | C | 7.990 | 0.00 | 649,645 | 0.86 | |
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