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 | |
---|---|---|---|---|---|---|
NMFC | C | 12.58 | 0.08 | 974,355 | 2.03 | |
IVZ | C | 16.01 | 1.39 | 7,202,914 | 1.66 | |
NTAP | B | 109.04 | 0.82 | 2,814,791 | 1.60 | |
WST | F | 354.48 | -1.03 | 717,159 | 1.56 | |
LVS | F | 46.32 | -1.28 | 7,155,977 | 1.55 | |
UHS | B | 178.91 | 0.18 | 1,007,491 | 1.47 | |
CYBR | D | 238.30 | 1.83 | 680,057 | 1.45 | |
WMS | B | 173.31 | 1.34 | 529,637 | 1.32 | |
DE | B | 412.78 | 1.17 | 1,765,947 | 1.31 | |
WMG | D | 32.16 | -0.28 | 2,110,584 | 1.31 | |
Sign Up to view the next 103 stocks. |
Popular Now
Recent Comments
- TraderMike on IZM
- SuccessfulGerbil321 on IZM
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
From the Blog
Featured Articles