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 | |
---|---|---|---|---|---|---|
EEG | A | 0.185 | 0.00 | 1,531,537 | 5.19 | |
CNU | D | 6.910 | 0.00 | 638,788 | 1.31 | |
PL8 | A | 1.210 | 0.46 | 580,203 | 1.00 | |
RRL | A | 2.210 | 0.00 | 3,922,291 | 0.94 | |
SDF | D | 5.570 | 0.00 | 2,238,982 | 0.93 | |
CLW | D | 3.470 | 0.00 | 1,276,409 | 0.92 | |
DEG | A | 1.355 | 0.00 | 3,858,679 | 0.88 | |
WMI | A | 1.505 | -0.66 | 187,785 | 0.88 | |
COL | C | 16.050 | 0.00 | 2,508,534 | 0.85 | |
MIN | B | 69.390 | 0.00 | 769,350 | 0.84 | |
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