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 | |
---|---|---|---|---|---|---|
IGL | D | 1.955 | -1.51 | 2,457,907 | 10.40 | |
SNC | B | 0.723 | 0.67 | 275,609 | 2.66 | |
GUD | C | 10.960 | 12.18 | 785,157 | 2.63 | |
AAC | B | 1.410 | 0.36 | 295,536 | 2.12 | |
EVT | C | 11.940 | 0.17 | 218,052 | 1.81 | |
PPC | A | 1.195 | 0.00 | 177,119 | 1.70 | |
PL8 | B | 1.200 | -0.41 | 742,071 | 1.43 | |
TCL | D | 12.520 | -1.80 | 5,709,870 | 1.31 | |
REA | A | 183.740 | -0.37 | 175,312 | 1.27 | |
FLT | C | 20.590 | 3.78 | 1,007,285 | 1.10 | |
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