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 | |
---|---|---|---|---|---|---|
AUB | B | 31.800 | 3.35 | 468,385 | 2.10 | |
NHC | A | 4.970 | 1.02 | 3,306,146 | 1.62 | |
WES | B | 73.420 | 0.74 | 1,649,335 | 1.53 | |
MGR | D | 1.955 | -1.26 | 17,250,212 | 1.43 | |
BBN | B | 1.850 | 1.09 | 182,218 | 1.33 | |
SDF | A | 6.000 | 0.00 | 3,007,487 | 1.29 | |
ACL | C | 3.390 | -1.74 | 672,034 | 1.28 | |
SGM | A | 13.580 | 1.04 | 304,009 | 1.22 | |
BSL | D | 20.490 | -0.77 | 1,562,004 | 1.17 | |
JHX | B | 54.470 | -0.66 | 811,466 | 1.00 | |
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