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 | |
---|---|---|---|---|---|---|
PL8 | A | 1.205 | 0.83 | 618,662 | 1.08 | |
DXS | D | 7.070 | -0.70 | 3,289,157 | 1.05 | |
CNU | D | 6.910 | 2.07 | 496,021 | 1.03 | |
RGN | C | 2.180 | 0.00 | 3,339,301 | 1.03 | |
COL | C | 16.050 | 0.25 | 2,790,359 | 0.94 | |
MGR | C | 2.100 | -1.41 | 10,583,195 | 0.87 | |
SIQ | B | 9.870 | -0.80 | 389,550 | 0.87 | |
GUD | D | 10.720 | 2.39 | 338,110 | 0.85 | |
FLT | C | 21.060 | 0.81 | 701,161 | 0.75 | |
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