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 | |
---|---|---|---|---|---|---|
PPC | B | 1.200 | 0.42 | 1,249,948 | 7.73 | |
DSE | C | 0.275 | 1.85 | 2,459,748 | 4.33 | |
TVL | B | 0.080 | -2.44 | 975,041 | 3.85 | |
OML | C | 1.550 | -2.82 | 2,058,716 | 2.98 | |
SKC | D | 1.620 | 3.85 | 645,638 | 2.45 | |
PE1 | B | 1.520 | 2.01 | 462,906 | 1.98 | |
DXS | D | 7.130 | 0.85 | 4,743,900 | 1.66 | |
PL8 | C | 1.195 | -0.42 | 810,693 | 1.54 | |
RGN | C | 2.170 | 0.00 | 4,273,098 | 1.48 | |
RHC | D | 48.960 | -1.61 | 560,109 | 1.42 | |
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