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 | |
---|---|---|---|---|---|---|
PPC | A | 1.195 | 0.42 | 591,756 | 5.88 | |
LNW | C | 139.310 | -1.25 | 245,962 | 2.20 | |
AAC | B | 1.405 | 3.31 | 267,382 | 1.94 | |
WMI | C | 1.465 | 0.34 | 486,792 | 1.76 | |
IGL | D | 1.985 | -2.22 | 329,201 | 1.70 | |
AND | C | 2.350 | 2.17 | 326,262 | 1.49 | |
ATA | D | 0.775 | -3.73 | 172,589 | 1.41 | |
FLT | D | 19.840 | -2.84 | 1,178,402 | 1.25 | |
REA | B | 184.420 | -1.55 | 167,412 | 1.21 | |
REG | A | 4.020 | -3.37 | 563,444 | 1.18 | |
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