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 | |
---|---|---|---|---|---|---|
PMC | A | 1.420 | -0.70 | 709,880 | 1.97 | |
MOT | D | 2.150 | 0.00 | 956,510 | 1.59 | |
ELD | D | 8.540 | 0.83 | 538,294 | 1.33 | |
RFF | D | 1.965 | -1.26 | 507,516 | 1.04 | |
HVN | B | 4.860 | -0.61 | 1,828,725 | 0.91 | |
IPH | D | 5.860 | -2.01 | 688,783 | 0.91 | |
EDV | D | 4.940 | -1.20 | 6,514,296 | 0.89 | |
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