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 | |
---|---|---|---|---|---|---|
RG8 | B | 2.010 | 0.75 | 507,660 | 3.44 | |
COI | B | 0.200 | 5.26 | 3,748,602 | 2.98 | |
EVT | B | 11.870 | -0.92 | 334,350 | 2.70 | |
LNW | C | 141.070 | -5.95 | 250,483 | 2.27 | |
DXC | C | 2.610 | -0.38 | 339,742 | 2.07 | |
DSE | C | 0.275 | 5.77 | 1,091,521 | 2.05 | |
PPT | D | 22.150 | 0.73 | 794,899 | 1.98 | |
WMI | C | 1.460 | 0.00 | 438,734 | 1.64 | |
REA | B | 187.320 | 1.42 | 204,189 | 1.47 | |
AAC | D | 1.360 | -0.37 | 194,753 | 1.38 | |
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