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 | 1.195 | 0.00 | 1,116,970 | 9.00 | |
LNW | C | 141.400 | -2.00 | 368,343 | 2.96 | |
WLE | A | 1.410 | 1.44 | 3,084,382 | 2.85 | |
WMI | C | 1.405 | -0.53 | 468,947 | 1.63 | |
IPL | A | 2.930 | -1.35 | 6,407,103 | 1.60 | |
GNC | A | 8.520 | 4.67 | 1,082,631 | 1.50 | |
IGL | D | 1.935 | -1.78 | 320,725 | 1.39 | |
RHC | D | 49.990 | -1.88 | 530,847 | 1.35 | |
MQG | B | 190.860 | -1.28 | 810,294 | 1.23 | |
HMC | A | 6.990 | -2.78 | 568,292 | 1.18 | |
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