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 | |
---|---|---|---|---|---|---|
WOR | D | 15.090 | -7.48 | 61,004,113 | 29.30 | |
WMI | B | 1.465 | -2.33 | 920,659 | 3.96 | |
BWP | B | 3.570 | 1.42 | 4,282,974 | 3.20 | |
GUD | D | 10.310 | -2.83 | 599,773 | 1.93 | |
CWY | B | 2.700 | -1.10 | 7,680,431 | 1.85 | |
MAU | B | 1.030 | -1.90 | 171,262 | 1.71 | |
TVL | A | 0.081 | -1.22 | 357,280 | 1.49 | |
CNU | F | 6.590 | -0.60 | 712,427 | 1.46 | |
DXB | A | 0.335 | -1.47 | 5,984,955 | 1.25 | |
MGR | D | 2.060 | -0.96 | 14,892,007 | 1.25 | |
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