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 | |
---|---|---|---|---|---|---|
CITI | A | 27.180 | -0.69 | 151,403 | 10.69 | |
CJT | A | 138.070 | 1.45 | 88,034 | 1.93 | |
MSFT | D | 30.040 | 0.60 | 292,921 | 1.75 | |
BLX | C | 33.420 | -0.15 | 397,636 | 1.62 | |
KXS | A | 166.000 | 7.35 | 135,366 | 1.55 | |
AAPL | C | 32.770 | -1.15 | 184,033 | 1.53 | |
RSI | C | 5.590 | 0.54 | 169,041 | 1.18 | |
TSU | D | 41.830 | 1.53 | 82,300 | 1.18 | |
FC | C | 11.290 | -0.09 | 75,482 | 1.12 | |
ATH | D | 5.050 | -2.32 | 3,338,210 | 1.08 | |
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