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 | |
---|---|---|---|---|---|---|
BHF | D | 45.77 | -10.38 | 1,309,451 | 2.76 | |
RKT | B | 13.88 | -0.72 | 6,805,036 | 2.70 | |
JKHY | D | 165.59 | -0.04 | 893,319 | 2.34 | |
CHH | F | 115.70 | -5.27 | 1,584,444 | 2.32 | |
STWD | C | 20.08 | 2.71 | 4,522,405 | 2.15 | |
EPC | B | 38.83 | 3.24 | 701,746 | 2.15 | |
BR | D | 190.46 | -5.41 | 875,493 | 2.12 | |
TTD | B | 86.02 | -4.04 | 6,576,635 | 1.94 | |
STE | D | 210.09 | -1.31 | 938,207 | 1.85 | |
IAC | B | 55.07 | -2.36 | 1,540,307 | 1.82 | |
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