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 | |
---|---|---|---|---|---|---|
BWP | D | 3.460 | -2.26 | 2,445,033 | 1.93 | |
CWY | B | 2.660 | -1.85 | 7,789,397 | 1.93 | |
NHF | F | 7.310 | -3.31 | 1,803,218 | 1.92 | |
BAP | D | 5.650 | -1.40 | 1,455,919 | 1.65 | |
COL | B | 16.420 | 0.61 | 3,675,720 | 1.19 | |
SXL | C | 0.950 | 4.40 | 396,390 | 1.18 | |
DSE | C | 0.270 | -1.82 | 523,731 | 1.16 | |
CLW | D | 3.350 | -3.18 | 1,517,361 | 1.12 | |
TCL | D | 12.440 | -3.57 | 4,990,412 | 1.06 | |
RHC | D | 51.460 | -1.79 | 417,772 | 0.98 | |
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