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 | |
---|---|---|---|---|---|---|
ATA | D | 0.840 | 1.82 | 299,592 | 2.33 | |
GUD | D | 10.610 | 2.41 | 620,489 | 1.94 | |
PL8 | B | 1.200 | 1.69 | 872,061 | 1.56 | |
WOR | C | 16.310 | 1.12 | 1,365,870 | 1.55 | |
CWY | A | 2.730 | 2.63 | 5,324,684 | 1.31 | |
AND | C | 2.410 | 0.84 | 274,973 | 1.24 | |
WMI | A | 1.500 | 0.00 | 266,264 | 1.20 | |
DSE | D | 0.270 | 0.00 | 505,204 | 1.10 | |
CLW | D | 3.440 | 2.69 | 1,468,152 | 1.08 | |
COI | B | 0.195 | -2.50 | 1,391,066 | 1.08 | |
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