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 | |
---|---|---|---|---|---|---|
KVUE | C | 20.54 | -0.44 | 97,166,482 | 5.14 | |
IVZ | C | 16.31 | 1.87 | 7,158,024 | 1.64 | |
CUBE | D | 43.06 | 1.20 | 2,177,309 | 1.61 | |
WST | F | 351.52 | -0.84 | 680,759 | 1.47 | |
OHI | C | 30.76 | -0.32 | 2,152,139 | 1.46 | |
GFL | F | 31.43 | 0.58 | 1,613,256 | 1.44 | |
DE | C | 414.02 | 0.30 | 1,856,337 | 1.37 | |
MTN | F | 201.00 | -2.25 | 809,303 | 1.36 | |
REGN | B | 978.21 | -0.65 | 589,666 | 1.33 | |
BANC | D | 14.21 | 1.57 | 3,141,928 | 1.29 | |
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