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 | |
---|---|---|---|---|---|---|
PPT | C | 24.020 | 0.00 | 2,006,807 | 5.40 | |
RG8 | C | 1.985 | -0.25 | 615,895 | 4.38 | |
GNC | B | 7.860 | 0.00 | 2,146,645 | 3.26 | |
RMC | C | 0.990 | 0.00 | 423,485 | 2.71 | |
DSE | D | 0.265 | 0.00 | 1,033,834 | 2.02 | |
WMI | C | 1.455 | 0.00 | 403,862 | 1.58 | |
BWP | A | 3.620 | 0.00 | 2,260,202 | 1.57 | |
WOR | D | 15.420 | 0.00 | 3,444,193 | 1.35 | |
NAB | A | 34.140 | 0.00 | 5,027,010 | 1.19 | |
FLT | C | 20.590 | 0.00 | 1,157,320 | 1.16 | |
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