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 | |
---|---|---|---|---|---|---|
AND | C | 2.300 | -5.74 | 800,956 | 3.80 | |
PPT | D | 21.990 | -8.45 | 980,854 | 2.52 | |
GNC | B | 7.800 | -0.76 | 1,395,629 | 2.05 | |
EDV | C | 5.220 | -0.38 | 7,900,432 | 1.80 | |
SNC | C | 0.735 | -0.68 | 143,105 | 1.43 | |
IGL | C | 2.030 | -3.33 | 280,395 | 1.38 | |
WMI | C | 1.460 | 0.34 | 359,502 | 1.38 | |
DXC | C | 2.620 | -1.50 | 213,362 | 1.33 | |
PL8 | C | 1.195 | -0.42 | 563,526 | 1.06 | |
CLW | C | 3.480 | 0.29 | 1,421,363 | 1.05 | |
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